Financial technology leader Stripe has entered into an agreement to acquire Privy, a provider of cryptocurrency wallet infrastructure.
The acquisition, reported by Bloomberg, signals Stripe’s continued strategic push into the cryptocurrency and blockchain space.
Privy offers tools that enable developers to integrate user-friendly crypto wallets directly into web applications, simplifying the user experience for interacting with decentralized services.
This move positions Stripe to potentially integrate seamless cryptocurrency transactions and wallet functionalities more deeply into its existing suite of payment products for merchants and platforms.
The deal underscores the ongoing convergence of traditional payment processing and cryptocurrency infrastructure within the broader fintech sector.