Stripe, a leading payment platform valued at $65 billion, has announced the acquisition of Privy, a startup specializing in cryptocurrency wallet infrastructure. This move marks the second significant acquisition in the crypto sphere following the purchase of Bridge for $1.1 billion in 2024. Financial details of the deal are not disclosed, but Privy, valued at $230 million in March 2025, will continue to operate as an independent product.
Privy, founded in 2021, develops built-in wallets that simplify the integration of cryptocurrency into applications, eliminating the need for external wallets like MetaMask. Its clients, including OpenSea and Blackbird, have processed transactions worth billions of dollars, serving over 75 million accounts. The acquisition will enable Stripe to enhance the integration of cryptocurrencies and fiat payments, creating a seamless financial infrastructure for the global economy.
Stripe CEO Patrick Collison noted that Privy will help realize the company's ambitions in creating new internet financial services. Analysts believe that this move may encourage other fintech giants to pursue similar deals, strengthening the role of cryptocurrencies in traditional payments.
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