Stripe Acqui-Hires Crypto Payments Startup Valora, Venturing Further Into Stablecoins
CoinDesk
Stripe has acqui-hired the team from crypto payments app Valora to bolster its expansion into blockchain technology and stablecoins.Summary
Stripe is acquiring the team behind the Celo-based crypto payments app Valora as the payments giant deepens its focus on blockchain technology and stablecoins. Valora founder Jackie Bona stated that joining Stripe will accelerate their mission of expanding economic opportunity through stablecoins and crypto rails. Valora, which spun out of cLabs (the developer of Celo) in 2021, specializes in mobile crypto payments and brings expertise in crypto wallet infrastructure and onchain developer tools to Stripe. This move follows Stripe's recent acquisitions of stablecoin infrastructure firm Bridge and wallet app Privy, alongside its development of Tempo, a payment-focused blockchain for stablecoins.
(Source：CoinDesk)