Stripe announces a finalized deal to buy stablecoin infrastructure company Bridge; Michael Arrington says the deal is worth $1.1B; Bridge has raised $54M
Jamie Crawley / CoinDesk :
CoinDesk Jamie Crawley
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Discussion
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@patrickc
Patrick Collison
on x
Stablecoins are room-temperature superconductors for financial services. Thanks to stablecoins, businesses around the world will benefit from significant speed, coverage, and cost improvements in the coming years. Stripe is going to build the world's best stablecoin
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@arrington
@arrington
on x
This deal is done. $1.1b https://techcrunch.com/...
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@zcabrams
Zach
on x
Bridge is joining forces with Stripe! I'm incredibly excited We started 2.5 years ago and we've done a lot since then :) We're going to do a whole lot more in the years ahead. This is an important milestone, but we're still at the very beginning of the Bridge journey. We
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@yueqi_yang
Yueqi Yang
on x
Stripe's $1.1 billion acquisition is a remarkable outcome for Bridge. It's also a bet that crypto-based payment will become a reality. Scale AI, for example, already pays its contractor workers abroad using Bridge's technology. Read more: https://www.theinformation.com/ ...
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@gokulr
Gokul Rajaram
on x
Stablecoins are already transforming financial services due to unmatched speed, lack of friction and ease of use, and it's only going to accelerate. Excited for @railfinancial and Stripe/Bridge to help grow this.
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@alanadlevin
Alana Levin
on x
Most of the takes on the Stripe <> Bridge deal feel off the mark My take: - Yes it's exciting, but $1B ultimately undersells what Bridge could have become - It doesn't validate broader crypto M&A appetite. We've known stablecoins are a big deal. That doesn't mean we'll see
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@packym
Packy McCormick
on x
Huge. Big win for Bridge, Stripe, people everywhere who like faster, cheaper transactions, and the Duke mafia. And the first big acquisition of a Not Boring Capital portfolio company. This is exciting!
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@futurenomics
Sam
on x
some thoughts on the Bridge acquisition by Stripe: After operation chokepoint (which @nic__carter and @micsolana did a great job exposing), there was a gap in the market for converting between fiat and stablecoins. Bridge bridged (lol) this gap. @zcabrams has built an
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@js_horne
Jacob
on x
bridge + stripe means any app can have an onramp/offramp like coinbase
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@jmover
Justin M. Overdorff
on x
Stripe acquiring Bridge is an incredibly smart long term strategic move. Paying $1B for Bridge could be the payments sector version of the Instagram acquisition. Stripe's north star has always been “increasing the GDP of the internet” & the company's focus was building the
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@antoniogm
Antonio García Martínez
on x
Stablecoins are to the current banking system like Uber was to most taxi experiences, and this will only become more clear over time.