{"id":24655,"date":"2025-06-12T13:15:56","date_gmt":"2025-06-12T10:15:56","guid":{"rendered":"https:\/\/forklog.com\/en\/payment-giant-stripe-acquires-crypto-wallet-privy\/"},"modified":"2025-06-12T13:15:56","modified_gmt":"2025-06-12T10:15:56","slug":"payment-giant-stripe-acquires-crypto-wallet-privy","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/payment-giant-stripe-acquires-crypto-wallet-privy\/","title":{"rendered":"Payment Giant Stripe Acquires Crypto Wallet Privy"},"content":{"rendered":"<p>Stripe has acquired Privy, a developer of Web3 wallet infrastructure. The terms of the deal remain undisclosed.<\/p>\n<p><!--more--><\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">1\/ Today, we&#8217;re proud to announce that Stripe is acquiring Privy.<\/p>\n<p>We couldn\u2019t be more excited.<\/p>\n<p>Privy will continue as an independent product \u2013 but now we\u2019ll move faster, ship more, and serve you even better, so you can stay focused on your users. <a href=\"https:\/\/t.co\/8CHJqhqYy7\">pic.twitter.com\/8CHJqhqYy7<\/a><\/p>\n<p>\u2014 Privy (@privy_io) <a href=\"https:\/\/twitter.com\/privy_io\/status\/1932816495719166167?ref_src=twsrc%5Etfw\">June 11, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\n<cite>\u201cPrivy will remain an independent product \u2013 but now we\u2019ll develop faster, release updates more frequently, and serve you even better,\u201d project representatives emphasized.<\/cite><\/p><\/blockquote>\n<p>Stripe is one of the largest and most highly capitalized fintech companies globally. Last year, it processed payments exceeding <a href=\"https:\/\/stripe.com\/newsroom\/news\/stripe-2024-update\">$1 trillion<\/a>.<\/p>\n<p>The number of Privy users <a href=\"https:\/\/x.com\/privy_io\/status\/1932816521455407304\">exceeds 75 million<\/a>. Launched three years ago, the project offers seamless wallet integration capabilities using account abstraction technology across various platforms and ecosystems.\u00a0<\/p>\n<p>Among the firm&#8217;s clients are: <a href=\"https:\/\/forklog.com\/en\/news\/the-price-of-popularity-and-a-lesson-for-all-hyperliquid\">Hyperliquid<\/a>, Blackbird, OpenSea, Toku, and <a href=\"https:\/\/forklog.com\/en\/news\/blockchain-social-network-farcaster-secures-150-million\">Farcaster<\/a>.\u00a0<\/p>\n<p>In March, the company <a href=\"https:\/\/cryptorank.io\/ico\/privy\">raised $15 million<\/a> following a funding round led by Ribbit Capital, with participation from Sequoia Capital, Paradigm, BlueYard, and Coinbase. The total investment exceeded $40 million.\u00a0\u00a0<\/p>\n<p>Back in February, Stripe <a href=\"https:\/\/forklog.com\/en\/news\/stripe-acquires-bridge-for-1-1-billion\">acquired<\/a> the Bridge platform for $1.1 billion. Three months later, the payment giant <a href=\"https:\/\/forklog.com\/en\/news\/stripe-introduces-stablecoin-financial-accounts\">introduced a new option<\/a> for US dollar-pegged stablecoins.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Stripe has acquired Privy, a developer of Web3 wallet infrastructure. The terms of the deal remain undisclosed.<\/p>\n","protected":false},"author":1,"featured_media":24654,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1235,1519,57],"class_list":["post-24655","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-mergers-and-acquisitions","tag-stripe","tag-wallets"],"aioseo_notices":[],"amp_enabled":true,"views":"41","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/24655","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=24655"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/24655\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/24654"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=24655"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=24655"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=24655"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}