Paying giant Stripe has announced that it will buy crypto infrastructure company Privy. Dit goal is to eliminate friction between crypto- and fiat-based payment systems and strengthen its position in the payment landscape of the future.
Privy, the fast-growing embedded wallet infrastructure company powers more than 75 million crypto accounts and supports over 1,000 developer teams globally. The deal will see Privy continue operating as an independent product under Stripe's umbrella.
Founded with a mission to make wallets intuitive and developer-friendly, Privy’s signature technology eliminates the need for seed phrases, streamlining onboarding for everyday users. From NFT marketplaces to decentralized exchanges and global payroll platforms, Privy’s infrastructure has quietly become a core layer for crypto-native apps like Pump.fun, OpenSea, Hyperliquid, Farcaster, and Toku.
Stripe CEO Patrick Collison called Privy’s vault architecture “the world’s best programmable wallets,” adding that, “Money has to reside somewhere, and Privy is reimagining where and how value is stored.” The move, Collison said, is about closing the gap between crypto and fiat, creating an experience where the distinction between the two becomes “almost meaningless.”
The acquisition marks Stripe’s second major crypto deal in less than a year, following its $1.1 billion purchase of stablecoin payment platform Bridge last October. Stripe was an early mover in the crypto space, supporting Bitcoin payments as far back as 2014 before pausing in 2018. Since then, the company has returned with clear intent, integrating Avalanche’s L1 blockchain, rolling out stablecoin accounts, and now acquiring one of crypto’s most widely used onboarding tools.
Privy’s integration will unlock a host of new capabilities: developers can build apps where users sign transactions or manage wallets natively, no MetaMask or Coinbase extensions required. For end users, it’s the difference between needing to understand blockchain mechanics versus simply clicking "buy," "send," or "log in."
Together, Stripe and Privy aim to build crypto user experiences that are as polished and seamless as any Web2 payment flow. Wallet creation, key management, and transaction signing will work quietly in the background, integrated directly into apps, without compromising on security.
Under Stripe, Privy will scale faster, ship more features, and offer tighter integrations with tools like Bridge, enabling real-time reconciliation, on-chain data syncing, and crypto-to-fiat interoperability.
“Privy has always believed that building onchain should feel like building on the rest of the internet,” the company said in its own announcement. “Joining Stripe supercharges that mission.”
As fintech incumbents and crypto-native projects race to define the future of value transfer, Stripe’s latest move is a clear signal: the company is building for a world where wallets aren’t separate from payments, they are payments.
By bringing crypto-native infrastructure into its stack, Stripe is positioning itself to lead in a new era of programmable, global, internet-native finance.
And this time, they’re not sitting on the sidelines.
Paying giant Stripe has announced that it will buy crypto infrastructure company Privy. Dit goal is to eliminate friction between crypto- and fiat-based payment systems and strengthen its position in the payment landscape of the future.
Privy, the fast-growing embedded wallet infrastructure company powers more than 75 million crypto accounts and supports over 1,000 developer teams globally. The deal will see Privy continue operating as an independent product under Stripe's umbrella.
Founded with a mission to make wallets intuitive and developer-friendly, Privy’s signature technology eliminates the need for seed phrases, streamlining onboarding for everyday users. From NFT marketplaces to decentralized exchanges and global payroll platforms, Privy’s infrastructure has quietly become a core layer for crypto-native apps like Pump.fun, OpenSea, Hyperliquid, Farcaster, and Toku.
Stripe CEO Patrick Collison called Privy’s vault architecture “the world’s best programmable wallets,” adding that, “Money has to reside somewhere, and Privy is reimagining where and how value is stored.” The move, Collison said, is about closing the gap between crypto and fiat, creating an experience where the distinction between the two becomes “almost meaningless.”
The acquisition marks Stripe’s second major crypto deal in less than a year, following its $1.1 billion purchase of stablecoin payment platform Bridge last October. Stripe was an early mover in the crypto space, supporting Bitcoin payments as far back as 2014 before pausing in 2018. Since then, the company has returned with clear intent, integrating Avalanche’s L1 blockchain, rolling out stablecoin accounts, and now acquiring one of crypto’s most widely used onboarding tools.
Privy’s integration will unlock a host of new capabilities: developers can build apps where users sign transactions or manage wallets natively, no MetaMask or Coinbase extensions required. For end users, it’s the difference between needing to understand blockchain mechanics versus simply clicking "buy," "send," or "log in."
Together, Stripe and Privy aim to build crypto user experiences that are as polished and seamless as any Web2 payment flow. Wallet creation, key management, and transaction signing will work quietly in the background, integrated directly into apps, without compromising on security.
Under Stripe, Privy will scale faster, ship more features, and offer tighter integrations with tools like Bridge, enabling real-time reconciliation, on-chain data syncing, and crypto-to-fiat interoperability.
“Privy has always believed that building onchain should feel like building on the rest of the internet,” the company said in its own announcement. “Joining Stripe supercharges that mission.”
As fintech incumbents and crypto-native projects race to define the future of value transfer, Stripe’s latest move is a clear signal: the company is building for a world where wallets aren’t separate from payments, they are payments.
By bringing crypto-native infrastructure into its stack, Stripe is positioning itself to lead in a new era of programmable, global, internet-native finance.
And this time, they’re not sitting on the sidelines.