Stripe Acquires Crypto Wallet Provider Privy: Implications for Digital Payments

Stripe has announced the acquisition of Privy, a leading cryptocurrency wallet provider known for its embedded wallet solutions used by platforms like OpenSea. This move signals Stripe’s ambition to integrate digital assets into its services and transform the digital payment landscape. Privy will continue operating independently under Stripe, but this strategic partnership marks a significant expansion of Stripe’s crypto infrastructure capabilities.