Stripe has acquired crypto wallet infrastructure provider Privy, marking its second significant Web3 move after its $1.1 billion acquisition of Bridge. Privy, which supports over 75 million wallet accounts and serves clients like OpenSea and Toku, will remain an independent product post-acquisition, allowing developers to integrate crypto wallets without browser extensions. The strategic deal positions Stripe to unify wallet, stablecoin, and payment infrastructure—enabling seamless, global, Web3-native financial services and cementing its dominance in the future of decentralized commerce.
Fintech Heavyweight Stripe Snaps up Privy to Dominate Future of Web3 Payments
