Stripe (powers internet commerce) buys BTC Wallet! (Patreon)

Stripe, the global internet payments company [still private], acquired Privy, a crypto wallet infrastructure provider, to enhance its digital asset offerings. Privy, founded in 2021 by Henri Stern and Asta Li, powers over 75 million accounts and supports 1,000+ developer teams, enabling seamless crypto wallet integration for platforms like OpenSea and Blackbird. The acquisition, with undisclosed financial terms, follows Stripe’s $1.1 billion purchase of stablecoin firm Bridge.

This move aligns with Stripe’s push into BTC/Crypto/Stablecoins and integrate fiat and digital assets into Crypto world.