Payments platform Stripe has announced its acquisition of a crypto wallet provider shortly after closing a $1 billion deal to purchase the stablecoin firm Bridge.
In a post on the social media platform X, crypto wallet company Privy says it’s been bought out by Stripe, a firm that provides payment infrastructure for businesses.
“Today, we’re proud to announce that Stripe is acquiring Privy. We couldn’t be more excited. Privy will continue as an independent product – but now we’ll move faster, ship more, and serve you even better, so you can stay focused on your users.”
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Earlier this year, Stripe completed its purchase of stablecoin issuer Bridge, the company behind USDB, a programmable dollar-pegged crypto asset backed by a combination of cash and money market
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