Stripe – Asia Insider https://asiainsiders.net All about Asia Mon, 21 Oct 2024 20:52:30 +0000 en-US hourly 1 https://wordpress.org/?v=7.0 https://asiainsiders.net/wp-content/uploads/2020/04/AI_Logo.jpg Stripe – Asia Insider https://asiainsiders.net 32 32 Stripe in $1.1B Acquisition Deal for Stablecoin Platform Bridge: Report https://asiainsiders.net/stripe-in-1-1b-acquisition-deal-for-stablecoin-platform-bridge-report/ Mon, 21 Oct 2024 15:35:17 +0000 https://asiainsiders.net/stripe-in-1-1b-acquisition-deal-for-stablecoin-platform-bridge-report

Bridge, which has raised $54 million in funding, previously said it aspired to become the blockchain version of Stripe, operating a global system in which other developers could integrate

Looking to advance its cryptocurrency ambitions, payments processor Stripe has finalized a deal to buy stablecoin platform Bridge for $1.1 billion, according to a Sunday X post from TechCrunch founder Michael Arrington.

Bridge, which has raised $54 million in funding, was founded by Square and Coinbase alumni Zach Abrams and Sean Yu, and counts SpaceX and Coinbase (COIN) among its customers.

The startup previously said it aspired to become the blockchain version of Stripe, operating a global system in which other developers could integrate.

Stripe, which enables companies to accept payments online or in-person, has this year been exploring extending its offering to cryptocurrency through Circle’s USDC stablecoin.

Source: Vietnam Insider

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