<ul data-eligibleForWebStory="true"><li>Stripe has acquired crypto firm Privy to enhance its involvement in the digital assets space.</li><li>Privy assists companies in building crypto wallets and announced the acquisition on its website.</li><li>The terms of the purchase were not disclosed.</li><li>Privy's CEO expressed that the intersection of digital ownership and financial systems is significant, aligning with Stripe's vision of merging crypto and fiat systems.</li><li>Privy provides an API for customers to securely create wallets, sign transactions, and integrate on-chain systems, serving over 75 million accounts and 1,000+ developer teams.</li><li>Stripe recently expanded its money movement capabilities, allowing U.K. businesses to manage balances in multiple currencies and make cross-border payments easier.</li><li>Stripe Co-founder John Collison highlighted the importance of stablecoins and AI in shaping the future of online commerce.</li><li>Collison mentioned discussing stablecoin integration with banks, signaling a growing interest in incorporating stablecoins into traditional banking products.</li></ul>

Stripe Acquires Privy to Bolster Its Cryptocurrency Game

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