Stripe acquisition of cryptocurrency wallet infrastructure company Privy

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Privy officially announced that they have reached an acquisition agreement by the "giant" payment company Stripe, and Privy will continue to operate as an independent product.

Privy specializes in helping developers easily create cryptocurrency wallets for users through simple APIs, currently supporting over 75 million accounts and more than 1,000 development teams. This acquisition of Stripe will combine Stripe's powerful cash flow processing capabilities to accelerate the development of Web3 native financial services. The transaction is expected to be completed in the coming weeks.

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