Payment processor Stripe has agreed to acquire crypto wallet developer Privy, which helps companies embed wallets into their apps for a smooth user experience.
The terms of the deal were not disclosed.
The purchase is Stripe’s latest foray into crypto, which includes its introduction of a Pay with Crypto feature in October to allow merchants to accept USDC stablecoin payments. It also initiated the $1.1 billion purchase of stablecoin infrastructure provider Bridge that month, though the deal closed in February. In May, Stripe launched Stablecoin Financial Accounts in 101 countries, excluding North America and Western Europe.
To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io