Stripe, a leading payment platform, has announced the acquisition of Bridge, a cryptocurrency company specializing in automating stablecoin transactions. The deal is valued at $1.1 billion. This step indicates the active integration of cryptocurrencies into traditional financial services. Stripe plans to use Bridge to simplify international payments, particularly for small and medium-sized businesses that face high costs for bank transfers via SWIFT.
Bridge is developing a solution for processing payments in stablecoins such as USDC, which allows for lower fees and faster processing of transfers. The integration of this technology could make Stripe one of the leaders in the field of cryptocurrency payments, driving the further spread of digital assets.
This development shows that major financial companies are adapting to the growing demand for faster and cheaper transactions by combining traditional and crypto services
