Stripe announced plans to acquire crypto wallet firm Privy on June 11, 2025, marking a significant step in its expansion into the cryptocurrency sector. Privy is renowned for its secure wallet services, which will enhance Stripe's digital asset management capabilities. This acquisition aligns with Stripe's strategy to integrate blockchain-based solutions into its payment systems, addressing the increasing demand for cryptocurrency services. The move is expected to strengthen Stripe's position in the fintech industry by offering users more secure and comprehensive options for managing digital currencies.