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On June 11, according to Bloomberg, the American payment giant Stripe announced that it would acquire Privy, a crypto wallet infrastructure provider, for an undisclosed amount. This is another major layout after its acquisition of Bridge, a stablecoin infrastructure company. Privy's embeddable wallet creation service has been adopted by platforms such as OpenSea to simplify the NFT purchase process. According to the CEO of Stripe, the integration of Privy and Bridge is expected to drive the development of global crypto-native financial services. The transaction is expected to close within a few weeks.

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