Stripe’s $1.1B Acquisition Target, Bridge, Buys Web3 Wallet Platform Triangle

Triangle, a web3 wallet infrastructure platform founded by Stripe alumni Tasti Zakarie, has been acquired by stablecoin payments platform Bridge, the company said in a press release on Friday.

As part of the deal, the Triangle team will join Bridge to help build scalable stablecoin systems, the company said. Financial details of the transaction were not disclosed.

Bridge itself is a recent acquisition target. The stablecoin company is being bought by Stripe for $1.1 billion, in the largest crypto acquisition by a major payments company to date.

“Triangle was inspired by Stripe in how easy they made it to accept payments in any application,” Triangle founder and CEO Tasti Zakarie said in emailed comments. “Similarly, we made it easy to utilize digital assets in any application.”

The California-based company has built a developer API that allows companies to offer wallets to less tech savvy users and bring more users onchain.

Triangle is backed by investors including Chamath Palihapitiya of Social Capital, Alchemy Ventures, DCG and WndrCo.

İlginizi Çekebilir:Bitcoin Nears Capitulation as Short-Term Holders Face Deep Losses
share Paylaş facebook pinterest whatsapp x print

Benzer İçerikler

Ether Surges 10% as Trump Victory Brings Back DeFi Bullishness
Creators of DeFi Firm Aave Simplify Its Family Self Custody Wallet
Semler Scientific Added 47 Bitcoins to Holdings, Bringing Stack to 1,058 Tokens
‘It’s So Early’: How Solana Is Competing With Ethereum for Institutional Interest
MicroStrategy Added 11K Bitcoin for $1.1B, Pushing Holdings to 461K BTC
Bitcoin Options Worth $7.8B Set to Expire at End of Month on Deribit
Bahiscom Resmi Giriş | © 2024 |
404 Not Found

404

Not Found

The resource requested could not be found on this server!


Proudly powered by LiteSpeed Web Server

Please be advised that LiteSpeed Technologies Inc. is not a web hosting company and, as such, has no control over content found on this site.