Stripe Acquires Privy to Power Crypto UX Infrastructure

The announcement, shared on June 11, marks a major milestone for the Privy team, which will continue operating independently under Stripe’s umbrella.

The move is designed to help developers build faster, launch smoother, and better serve their users—all without disrupting product experience or compromising compliance.

From Wallet Friction to Seamless Web3 UX

Three years ago, Privy set out to make wallet-based crypto products accessible to everyday users—not just power users. At the time, wallet interfaces were clunky, disconnected from product design, and difficult to integrate. Privy stepped in to fix that.

Today, the company powers over 75 million accounts across 1,000+ teams and supports billions of crypto-native transactions across wallets and apps.

Privy focuses on abstracting away crypto’s technical complexity. Its infrastructure helps teams build applications that feel as intuitive as Web2: fast, smooth, and user-friendly. It has become a go-to stack for builders looking to integrate Web3 tools into real-world use cases.

Collaborating With Builders Across Sectors

Privy has partnered with standout projects across the crypto ecosystem:

Hyperliquid: transforming on-chain trading Blackbird: reshaping loyalty in dining Toku: powering global crypto payrolls Farcaster: supporting decentralized social networks

These collaborations highlight Privy’s mission to build practical tools for teams solving real problems.

Shared Vision with Stripe

The Stripe partnership grew out of a shared belief: crypto and fiat rails should converge to enable better internet-native value flows. Stripe’s reputation for design, scale, and developer-first tools aligns with Privy’s approach to onboarding and UX.

With new backing and resources, Privy plans to double down on developer support, enhance infrastructure capabilities, and build more flexible solutions for teams scaling on crypto rails.

“We’re just getting started,” said the Privy team, expressing confidence that the union with Stripe will accelerate their mission without compromising independence.

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