Stripe Goes All-In on Crypto: Acquires Privy After $1.1B Bridge Deal

TL;DR Stripe acquired Privy to integrate crypto wallets into user experiences and strengthen its native digital financial services offering. Privy enables platforms like OpenSea to automatically create wallets without requiring users to set up external wallets. Stripe will connect Privy’s wallets to its payment system and Bridge’s stablecoin infrastructure, while keeping Privy as an independent. source: https://crypto-economy.com/stripe-goes-all-in-on-crypto-acquires-privy-after-1-1b-bridge-deal/