When good UX meets secure crypto, the rails get stronger.
Powering the Next Wave of Crypto Wallets
Stripe has officially acquired Privy, a crypto wallet infrastructure provider that powers over 75 million accounts across 1,000+ development teams. This move expands Stripe’s reach into onchain finance and cements its commitment to bridging crypto with mainstream digital payments.
- Privy simplifies wallet creation with a single API
- Over $1 billion in value has flowed through its integrations
- Used by Farcaster, Hyperliquid, Toku, and others
- Solves user onboarding friction with seamless embedded wallets
- Stripe will keep Privy independent but enhance it with deeper payment tools
Privy has become a quiet backbone for crypto apps aiming to bring Web3 to everyday users. Rather than forcing users to download browser extensions or leave the platform to create a wallet, Privy lets developers integrate secure wallets directly into their apps with a few lines of code.
Stripe, meanwhile, is one of the largest payment processors in the world. It handles hundreds of billions of dollars annually and supports millions of businesses globally. This acquisition allows Stripe to deepen its offering across fiat and crypto, giving developers new tools to create seamless experiences in finance, commerce, and identity.
Bridging Onboarding With Scale
The biggest barrier to Web3 adoption is still user onboarding. Privy solves that with embedded wallets that feel native and intuitive. Stripe’s scale, trust, and developer ecosystem may now accelerate this beyond crypto-native circles.
Expect better security flows, integrated payments, and tighter UX between wallets and Stripe’s broader toolkit. This also points to a trend we highlight in our book: the convergence of legacy fintech with decentralized rails.
If wallets are the front door to digital ownership, Stripe and Privy just started building suburbs.