Stripe Makes Power Move: Acquires Crypto Wallet Startup Privy to Supercharge Web3 Ambitions
Stripe just placed a big bet on crypto''s infrastructure future—snapping up Privy in a deal that screams ''Web3 or bust.'' The payments giant isn''t dipping a toe in the water anymore; it''s diving headfirst into decentralized finance.
Why this matters: While Wall Street still debates whether crypto is ''real,'' Stripe''s grabbing the tools to build the on-ramps for the next financial system. Privy''s wallet tech could let Stripe bypass traditional banking rails entirely—if regulators don''t get spooked first.
The cynical take: Another ''strategic acquisition'' that''ll either mint billions or quietly vanish into the corporate graveyard alongside Meta''s Diem. But with Stripe''s IPO looming, even a whiff of Web3 hype might juice that valuation.
