Stripe, which operates in the field of financial technologies, made two important purchases for the crypto currency ecosystem. The company announced that it has purchased Privy, a crypto wallet provider. This acquisition came after a one billion dollar agreement, Stripe’s recently added Bridge.
The door to the crypto
Stripe acquired Privy, a crypto wallet provider Privy to support the payment infrastructures offered to businesses with crypto -based solutions. According to the statement, Privy will continue its activities as an independent product; It aims to gain speed, offer innovation and provide better service to its users. This move is seen as a continuation of the company’s effort to expand the range of services associated with crypto assets.
“Today we proudly explain: Strepe, buying Privy. We will move faster, offer more products and serve you better.”
With PrivY’s strip roof, it is stated that it will invest in crypto wallet technologies and user experiences, and users and businesses can provide faster access to new generation of financial vehicles. Strip’s integration with crypto wallets aims to differentiate existing payment and money transfer services.
Growth in Stablecoin: Bridge Purchase
Another important acquisition of Stripe’s recently made a stablecoin exporter called Bridge. Bridge, USDB, which is indexed to the USDB, launched a crypto presence. The USDB’s Peg (the stability of $ 1) is supported by assets consisting of a combination of cash and money market funds. With the merger of Strepe and Bridge, the door of crypto currencies for businesses will be opened to the end.
Bridge’s founding partner Zach Abrams: “We have completed our merger with Strepe! We are delivering digital dollars to businesses everywhere. These beings are not your future;
Following the agreement with Bridge, Stripe is known to aim to make businesses more effective in global payments through stablecoins. Thus, it may be possible to accelerate international money transfers and to decrease costs.
Banks and Stablecoins
Stripe has recently made negotiations with some banks about the use of stablecoin. Stripe’s founding partner and president John Collison, banks showed great interest in this new financial vehicle, he added.
John Collison: iniz In our talks with them, banks are quite interested. They do not see this as a temporary or insignificant innovation. Banks seriously evaluate how to integrate stablecoins with their products. ”
The approach of the banking sector to the issue is considered as a sign that crypto assets and stablecoins can be used more widely and effectively in traditional financial structures. Stripe’s initiatives in this field represent a complete transformation in financial innovation and crypto asset -based services.
Stripe’s two consecutive acquisitions reflect the company’s goal of having more say in the digital financial ecosystem. Crypto wallets and stablecoin technologies stand out as elements that can increase Stripe’s competitive advantage by offering transparency, speed and accessibility in payment systems. With these developments, businesses will be able to access a much wider payment and transfer option, as well as the potential to provide users with digital economy.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
