It is with no small measure of astonishment that we learn of the recent announcement from the esteemed payments platform, Stripe, which has taken it upon itself to acquire the crypto wallet provider, Privy. This revelation follows closely on the heels of a rather extravagant $1 billion transaction for the stablecoin firm known as Bridge. One might say, what a splendid way to spend a fortune! 💸
In a rather enthusiastic proclamation on the social media platform X, the representatives of Privy have declared their newfound allegiance to Stripe, a company that prides itself on providing payment infrastructure for businesses. One can only imagine the jubilation that must have ensued! 🎉
“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.”
Earlier this year, Stripe completed its acquisition of the stablecoin issuer, Bridge, the very company behind the USDB, a programmable dollar-pegged crypto asset, which is, I daresay, backed by a rather impressive combination of cash and money market funds held by none other than BlackRock. Who knew finance could be so thrilling? 😏
As the ever-eloquent Zach Abrams, co-founder of Bridge, remarked at the time,
“We closed our acquisition with Stripe! Together we’re scaling digital dollars to businesses everywhere. Stablecoins aren’t the future- they’re already transforming how people move money today.”
And as if that were not enough excitement for one month, it has come to our attention that Stripe has been engaged in discussions with unnamed banks regarding their potential dalliance with stablecoins. The co-founder and president of Stripe, John Collison, has noted that banks appear to be quite eager to embrace these dollar-pegged digital assets. One can only hope they do not trip over their own enthusiasm! 😂
Read More
- DOT PREDICTION. DOT cryptocurrency
- Gold Rate Forecast
- USD CAD PREDICTION
- USD PHP PREDICTION
- BTC PREDICTION. BTC cryptocurrency
- Silver Rate Forecast
- PI PREDICTION. PI cryptocurrency
- Cryptocurrency Wild West: Meme Coins Clank, Bank, and Native Hitch a Crazy Ride!
- The Rise and Fall of FARTCOIN: A Financial Comedy Show!
- Brent Oil Forecast
2025-06-11 23:02