Stripe Doubles Down on Crypto: Acquires Privy in Bold Web3 Power Move

Stripe just placed another big bet on crypto—and this one could reshape how mainstream users interact with Web3.

The payments giant snapped up Privy, a wallet infrastructure startup, in a deal that screams ''all-in'' on blockchain adoption. No terms disclosed—because when you''re Stripe, you don''t bother with petty details like price tags.

Why it matters: This isn''t dipping a toe in. It''s cannonballing into the deep end of crypto integration. Privy''s tech lets users create embedded wallets with email/social logins—bypassing the seed phrase headaches that scare off normies.

The play: Strip away crypto''s friction. Capture the next wave of users who think ''gas fees'' sound like a utility bill. Watch traditional banks clutch their pearls.

Bottom line: When fintech''s quiet giant starts aggressively stacking crypto chips, maybe—just maybe—the ''institutional adoption'' narrative isn''t pure hopium. (But we''ll believe it when they actually let customers withdraw to cold storage.)

TLDR

• Stripe has signed a deal to acquire Privy, the crypto wallet infrastructure provider.
• Privy will continue to operate independently and will not be merged into Stripe’s existing services.
• Either party has disclosed the financial terms of the acquisition.
• Privy currently supports over 75 million accounts and partners with major crypto platforms.
• Stripe aims to expand its digital asset strategy by backing scalable crypto infrastructure.

Stripe has signed an agreement to acquire Privy, a crypto wallet infrastructure provider. The financial terms remain undisclosed, but Privy will operate independently. This move strengthens Stripe’s expanding position within the digital asset sector.

The acquisition marks Stripe’s latest strategic push toward blockchain integration. Privy confirmed it will continue to build its infrastructure separately. Stripe aims to support Privy’s services without merging them into its existing platform.

The deal comes at a time when the payments space is increasingly incorporating decentralized tools. Privy has scaled quickly, creating over 75 million accounts in three years. Stripe plans to back this growth without altering the firm’s Core autonomy.

Privy to Operate as an Independent Product

Privy will retain its product roadmap while leveraging Stripe’s technical and operational resources. This structure allows Privy to maintain its brand while accelerating development cycles. The company will continue serving clients like OpenSea and Hyperliquid.

Stripe will not integrate Privy into its existing services but will support its expansion efforts. Privy aims to build infrastructure for platforms that need compliant wallet experiences. The acquisition supports broader efforts to bridge crypto and traditional payment systems.

1/ Today, we''re proud to announce that Stripe is acquiring Privy.

We couldn’t be more excited.

Privy will continue as an independent product – but now we’ll MOVE faster, ship more, and serve you even better, so you can stay focused on your users. pic.twitter.com/8CHJqhqYy7

— Privy (@privy_io) June 11, 2025

The partnership enables faster feature deployment across Privy’s network. Stripe will enhance backend support, but the user-facing product remains unchanged. Privy will continue to focus on wallet onboarding and secure account creation.

Stripe Expands Digital Asset Strategy

The Privy deal follows Stripe’s acquisition of stablecoin startup Bridge, valued at $1.1 billion. This signals a sustained interest in blockchain tools for global payments. Stripe continues to grow its presence in the crypto payment infrastructure space.

Stripe’s crypto roadmap emphasizes scalable, compliant infrastructure to serve fiat and blockchain ecosystems. By acquiring Privy, Stripe positions itself to facilitate value transfer between networks. These moves align with Stripe’s broader strategy for cross-border innovation.

Major fintechs are increasingly turning to digital assets to scale user onboarding and transaction flows. Stripe’s acquisition adds to the growing list of TradFi firms engaging crypto-native platforms. The payment giant is betting on infrastructure that supports broader web3 usage.