Gold Financial News reports that payments giant Stripe has recently acquired the team of cryptocurrency startup Valora to expand its stablecoin services.
On Wednesday, Valora founder Jackie Bona announced that the team would join Stripe, “in pursuit of the mission to expand the coverage of the global financial system.” The terms of the deal have not been disclosed, including how many Valora employees will join Stripe. Valora was launched in 2021 and developed a mobile-first, self-custodial cryptocurrency wallet application focused on stablecoins on the blockchain. According to Bona, Stripe’s acquisition does not seem to include the intellectual property behind Valora’s technology, and the application will “return to its original parent company cLabs, which will continue to be responsible for its future development.”
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
