Stripe's acquisition of Privy aims to enhance its digital asset offerings and streamline wallet integration for businesses, following its previous investment in stablecoin technology.
Stripe has acquired Privy, a crypto wallet infrastructure firm, marking its second digital asset acquisition this year after purchasing Bridge for $1.1 billion. Privy simplifies wallet integration for businesses, enabling over 75 million accounts and supporting numerous developers. The deal will close soon, with Privy continuing to operate independently within Stripe's crypto offerings.