Stripe has acquired Privy, a wallet infrastructure startup, to enhance its crypto wallet integration capabilities. This acquisition follows Stripe's recent $1.1 billion purchase of the stablecoin platform Bridge. Privy's technology facilitates the integration of self-custody wallets into websites and applications, streamlining the user experience by removing the need for key management or recovery phrases. This move positions Stripe to better compete with fintech giants like PayPal by offering user-friendly embedded wallet solutions. The integration is expected to benefit small and medium-sized businesses by simplifying crypto payments.