Privy enters the acquisition that has just collected $ 15 million earlier this year, which raises its total increase to $ 40 million.
Stripe Irish Fintech Giant Stripe has acquired the US cryptographic wallet supplier with the US. The acquisition occurs when stripe focuses more and more to increase its cryptocurrency offers.
Founded in 2021, PRIVY is an integrated wallet developer or infrastructure aimed at ensuring transactions and incorporating users into the block chain without requiring external services.
Some of its customers include the Blackbird restaurant loyalty firm, which accepts cryptography and other digital assets of the diners and the Toku human resources platform, which pays equipment in digital dollars or an electronic card or dollars).
According to the company, to date, it has provided more than 75 million accounts, facilitating “billions” in commercial volume.
In a blog that announces the acquisition, the founders Asta Li and Henri Stern said that the private and stripes believe in connecting Fiat (currency to judgment by the Government) with cryptography in such a way that a distinction between the two “meaningless” beoms. The acquisition accelerates that goal, they added.
Privy enters the acquisition that has just collected $ 15 million in a financing round led by Ribbit Capital, with the participation of Capital and Coinbase Sequoia. This leads to the total increase of PRIVY to $ 40. However, the company’s valuation is not revealed.
At the beginning of last month, Stripe announced a launch of products or new products, including new money management capabilities managed by Stablecoins, a type of cryptocurrency designed to maintain stable value, generally linked to a stable asset such as Fiat.
The new financial accounts of Stablecoin will allow companies to maintain a balance in Stablecoins, receive funds both in the crypto and fiduciary rails and send stablcoins to many parts of the world.
Stripe had stopped his encryption offers in 2018, but brought him back after a six -year parenthesis. Last year, he acquired the Stablecoin platform bridge in an agreement of $ 1.1 billion, marking the largest acquisition for the company so far.
Recently, Bridge introduced an association with a visa to launch the first global bank card linked to Stablecoin wallets.
The idea is that, when a customer makes a purchase, Bridge deduces the funds of his stablecoin and makes it Fiat, allowing payments in local currencies.
Do not miss the knowledge you need to succeed. Register for him Daily letterSilicon Digest Republic of Science Fiction Technology News.
