TechFlow news, June 11 — According to Bloomberg, U.S. payment giant Stripe announced it will acquire Privy, a crypto wallet infrastructure provider. The transaction amount was not disclosed. This marks another major strategic move following its acquisition of stablecoin infrastructure company Bridge. Privy’s embeddable wallet creation service has already been adopted by platforms such as OpenSea, simplifying the NFT purchasing process. Stripe's CEO stated that integrating Privy with Bridge is expected to advance the development of global crypto-native financial services. The deal is anticipated to close within weeks.
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