Stripe Acquires Privy for Expansion into Digital Assets

Stripe has made a significant move in the digital asset space with the acquisition of Privy, a developer of cryptocurrency wallet infrastructure. Cointelegraph reports that the purchase was finalized for an undisclosed amount, signaling Stripe’s growing focus on cryptocurrencies. The company plans to leverage Privy’s expertise and resources within the Stripe ecosystem, allowing developers to build robust crypto-based applications more efficiently. Privy will continue operating independently, maintaining its dedication to developing tools for the burgeoning cryptocurrency market while benefitting from expanded capabilities.