Payments company Stripe is reportedly in advanced discussions to acquire Bridge, a Texas-based fintech firm focused on stablecoin integration.
Payments company Stripe is reportedly in advanced discussions to acquire Bridge, a Texas-based fintech firm focused on stablecoin integration.
Bridge, co-founded by former executives from Square and Coinbase, specializes in enabling cross-border payments and foreign currency exchanges using stablecoins like USDC and USDT.
The firm has established partnerships, including one with Bitso, to facilitate business-to-business cross-border payments in Latin America. In August, Bridge announced a successful funding round, raising a total of $58 million from notable investors, including Sequoia and Ribbit.
Stripe has a history in the crypto space, having been one of the first major payment processors to support Bitcoin transactions in 2014. However, the company ceased this feature in 2018 due to declining demand, attributed to high fees and price volatility.
The company’s renewed focus on cryptocurrency services aligns with its recent moves to expand crypto integrations. In July, Stripe’s EU division enabled online vendors to add widgets for purchasing various crypto, including BTC, ETH and SOL.
This article contains links to third-party websites or other content for information purposes only (“Third-Party Sites”). The Third-Party Sites are not under the control of CoinMarketCap, and CoinMarketCap is not responsible for the content of any Third-Party Site, including without limitation any link contained in a Third-Party Site, or any changes or updates to a Third-Party Site. CoinMarketCap is providing these links to you only as a convenience, and the inclusion of any link does not imply endorsement, approval or recommendation by CoinMarketCap of the site or any association with its operators.
This article is intended to be used and must be used for informational purposes only. It is important to do your own research and analysis before making any material decisions related to any of the products or services described. This article is not intended as, and shall not be construed as, financial advice.
The views and opinions expressed in this article are the author’s [company’s] own and do not necessarily reflect those of CoinMarketCap.