The strip has acquired a cryptocurrency wallet infrastructure developer, pre -gradual for an unknown amount, which highlights the growing axis of the global payment processor towards digital assets.
Previ on Wednesday confirmed the acquisition in a declaration on social media that this strip would continue to function as an independent product embedded within the ecosystem.
As part of the strip WilL continent to build for the construction of developers on “Crypto rail (but), now with more resources, flexibility and firepower, the company said.
Bloomberg initially stated On acquisitionHowever, no financial terms were disclosed.
While the crypto space is not widely known, the private asset provides infrastructure for companies developing wallets. The company says its technology supports more than 50 million crypto wallets worldwide.
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Stripe Eyes $ 250 billion Stabeloin Market
Six years after pulling back from Crypto, the strip made a big comeback in October last year, allowing traders to accept stabelcoin payment through USDC (USDC,
Since then, its push has gained momentum in stablecoin payment. As Cointelegraph recently reportedThe strip has rolled Stabelcoin accounts for customers in more than 100 countries.
By May 7, the strip users can send and get the US dollar-peg stabechoin and get such as they will be with traditional bank accounts.
Strip co-founder and chairman John Kolison told Bloomberg that, based on his conversation with global financial institutions, banks are showing banks Increasing interest in stablecoins,
Kolison said, “Banks are very interested in how they should be integrated with Stabecrims in their product offerings.”
However, not everyone believes that traditional banks will hurry to embrace stabecoin.
Nyu Professor Austin Campbell Recently, it has been claimed that the US banking lobby has been “nervous” on the yield-bearing staboin, which may disrupt the business model of the industry.
According to Campbell, banks are afraid that their business may be “damaged” if stabex starts paying interest.
Connected: From Debanking to a banking weapon race: The Rise of Stabelins
