Financial technology giant Stripe is significantly advancing its digital asset strategy by reportedly nearing the acquisition of Privy, a crypto wallet infrastructure startup. The move aims to empower businesses with seamless cryptocurrency integration capabilities.
This potential acquisition builds upon Stripe’s recent $1.1 billion purchase of stablecoin platform Bridge, highlighting a concerted effort to create end-to-end crypto payment tools for businesses. By adding Privy, Stripe gains key embedding technology.
Privy’s core offering allows businesses to integrate cryptocurrency wallets directly into their existing platforms, eliminating complex user onboarding hurdles associated with external wallets. This approach is designed to dramatically boost customer conversion rates for crypto-based services.
Stripe has clarified that Privy is expected to maintain operational independence following the acquisition. This structure allows Privy to continue its innovation trajectory while leveraging Stripe’s substantial resources and market reach.
The move signals increasing corporate confidence in the crypto payments sector and positions Stripe as a major enabler for businesses seeking frictionless adoption of digital assets in the evolving online economy.