Stripe is reportedly in advanced talks to acquire the crypto startup Bridge for around $1 billion. Bridge specializes in stablecoin infrast...
Stripe is reportedly in advanced talks to acquire the crypto startup Bridge for around $1 billion. Bridge specializes in stablecoin infrastructure, a key area for fintechs aiming to offer faster and more efficient cross-border payments. The potential acquisition aligns with Stripe's broader strategy to enhance its crypto offerings, as the company looks to tap into blockchain technology for streamlining payment processing.
This move could help Stripe compete more effectively in the digital payments space, particularly in regions where traditional banking systems struggle with inefficiency. The acquisition of Bridge would provide Stripe with the infrastructure to integrate stablecoin-based payments more seamlessly into its platform, expanding its services for businesses that want to leverage crypto in everyday transactions
efforts to integrate stablecoins into its payment systems. Stripe had previously paused its involvement with crypto in 2018 due to technical challenges but recently reintroduced a "Pay with Crypto" feature, allowing for stablecoin transactions.
Bridge, founded in 2022, has attracted attention with its cross-border payments solutions, processing over $5 billion in annual transactions and collaborating with high-profile clients such as the U.S. State Department and SpaceX. The acquisition would strengthen Stripe's position in the stablecoin market, which has seen a significant surge, with major players like Tether and Circle dominating the space
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