Stripe makes $1.1 billion crypto bet as it closes on Bridge acquisition – fastbn

Stripe makes $1.1 billion crypto bet as it closes on Bridge acquisition


Strip has Closed by its purchase of $ 1.1 billion by Stability Platform Bridge – marking the payment giant Greatest acquisition so far and a tangible push in a crypt.

Counted in 2022 by Coinbase and Square Alumni Zach Abrams and Sean Yu, San Antonio, Texas Bridge has built API, which helps companies accept stability. The couple raised $ 58 million investors like Index Ventures and Sequoia Capital, according to Pitchbook. It was estimated at $ 200 million when it raised $ 40 million in 2024.

With this acquisition, Stripe is clearly betting on crypto.

On February 5th Post on xStripe co -founder Patrick Collison wrote: “We were waiting for a bridge (go follow them at @stability) Grow very fast, and we are still shocked about how fast the adoption explodes. In the coming years, all programming money is likely to want stability of stability. ”

Last July, strip Enabled Crypto purses In the EU, and in October, the Fintech announced a salary with a crypto -function that lets traders accept stability.



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