NiftyNoon: Stripe Pays Up for Privy 💳👛🤝
Payments giant Stripe has acquired crypto wallet developer Privy, signaling a deeper commitment to integrating web3 tools for mainstream use (June 12, 2025)
Nifty Thought:
Global payments processor Stripe has announced its acquisition of Privy, a developer focused on cryptocurrency wallet infrastructure. While the financial terms of the deal were not disclosed, Privy confirmed it will continue to operate as an independent product, now supercharged with the resources of the Stripe ecosystem. This move marks a significant step in Stripe's expanding pivot towards digital assets, following its re-entry into the crypto space with the rollout of USDC stablecoin payments for merchants.
The acquisition is a strategic play to lower the barrier to entry for web3. Privy specializes in creating embedded wallets for apps and websites, which simplifies the onboarding process for new crypto users by removing the need for external wallets. For an industry that has often struggled with user experience, this could be a major development. By integrating Privy's tools, Stripe is positioning itself to make it much easier for its vast network of developers and businesses to incorporate crypto functionalities, potentially paving the way for wider adoption.
Highlighted News:
💳 Stripe announces it is acquiring Privy:
https://x.com/privy_io/status/1932816495719166167
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👾 Blur ETH Daily Volume: 558.75 ETH (▲ 17.45%)
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CryptoPunks #1228: 52.00 ETH
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