Stripe Acquires Privy to Simplify Crypto Wallets
Stripe is no longer content with just being a payment processor. By acquiring Privy, a key player in the crypto wallet infrastructure, the Californian unicorn takes a strategic step towards full integration of Web3 into everyday products.
75 million accounts, 1,000 teams, and billions in
Privy is not a small niche player. Launched in 2021, the New York startup now powers more than 75 million user accounts across over 1,000 projects. From the HR platform Toku to the Hyperliquid exchange, to Blackbird reinventing loyalty in dining, Privy has become the missing link between Web2 apps and the crypto world.
Its specialty? Integrated wallets. No more hassle with MetaMask or Phantom connections: users create a crypto wallet without even realizing it. The result? A seamless experience that drastically reduces onboarding abandonment.
A strategic acquisition for Stripe, following Bridge and stablecoins
The acquisition amount has not been disclosed, but the intention is clear: expand Stripe’s crypto arsenal. In March 2025, the company already made waves by acquiring Bridge, a stablecoin infrastructure specialist, for $1.1 billion. This move enabled Stripe to launch professional accounts powered by USDC, facilitating international payments for businesses.
With Privy, Stripe adds a missing piece: native wallet management in apps. A crucial feature to democratize blockchain usage without forcing users through complex or daunting tools.
A clear offensive on crypto UX by Stripe
One of the major barriers to crypto adoption is the complexity of interfaces. By integrating Privy into its suite of tools, Stripe aims to eliminate this friction. For developers and end-users alike, the goal is simple: make crypto not an obstacle, but a norm.
Stripe doesn’t hide its ambition: to become the backbone of digital payments, regardless of Web2, Web3, fiat, or stablecoins.
Paradigm, Coinbase, Sequoia: Privy validated by giants
Prior to the acquisition, Privy had raised over $40 million from prestigious funds like Paradigm, Coinbase Ventures, and Sequoia Capital. A legitimacy that reinforces Stripe’s bet on the future of Web3.
Privy will remain independent, but its infrastructure will gradually integrate into the Stripe Crypto ecosystem. The deal is expected to be finalized in the coming weeks. Behind the scenes, the vision is clear: transform crypto complexity into invisible simplicity.
Stripe is accelerating, and Web3 is entering a new phase: one of complete integration.
