Stripe Acquires Crypto Wallet Provider Privy for Expanded Payments Integration

Payment giant Stripe has announced the acquisition of Privy, a prominent crypto wallet provider, to enhance its digital payment infrastructure and simplify value movement across the internet. This strategic move marks Stripe’s ongoing commitment to integrating cryptocurrency services into its offerings. 2023 saw this company make significant strides in the crypto space after acquiring Bridge, and now this latest acquisition signifies a more substantial step forward.