Stripe to Acquire Crypto Wallet Startup Privy in Bid to Expand Web3 Capabilities

Stripe is acquiring crypto wallet infrastructure provider Privy, as part of its broader plan to make blockchain tools easier to integrate into mainstream digital products.Privy creates embedded wallets for apps and websites, sparing users from having to sign up for external crypto wallets like MetaMask. Terms of the transaction, which was first reported by Bloomberg and confirmed by Privy, weren’t disclosed.The firm’s technology is used by decentralized exchange Hyperliquid, restaurant loyalty firm Blackbird, and HR platform Toku to simplify onboarding and reduce user drop-off source: https://www.coindesk.com/business/2025/06/11/stripe-to-acquire-crypto-wallet-startup-privy-in-bid-to-expand-web3-capabilities