Stripe acquires virtual asset wallet provider Privy…Expanding payments infrastructure

JH Kim

Summary

Stripe announced that it will acquire Privy, a virtual asset wallet provider.
Stripe stated that with this acquisition, it plans to integrate Privy with its own service, Bridge.
As a result, further expansion of stablecoin and virtual asset payment infrastructure is expected.

According to Bloomberg on the 11th (local time), global online payment company Stripe announced that it will acquire virtual asset (cryptocurrency) wallet provider Privy.

The specific amount of this acquisition was not disclosed. Through this acquisition, Stripe plans to integrate Privy with its existing service, Bridge, and further expand its stablecoin and virtual asset payment infrastructure.