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Stripe in talks to acquire Bridge for $1B
- jsheard 2y ago$1B for a cryptocurrency company in almost 2025? Talk about striking while the iron is cold.
- asdasdsddd 2y agoIk we love clowning on crypto but stablecoins are pretty useful, even for non-criminal stuff.
- toomuchtodo 2y agohttps://en.wikipedia.org/wiki/Wildcat_banking https://en.wikipedia.org/wiki/Wildcat_banking
- colesantiago 2y ago> stablecoins are pretty useful No they are not, they are actually rife with criminals. https://www.bloomberg.com/news/articles/2024-03-27/tether-usdt-is-most-used-stablecoin-in-illicit-crypto-flows-trm-says https://www.bloomberg.com/news/articles/2024-03-27/tether-us...
- MacsHeadroom 2y agoWow Tether transactions are half as likely to be involved in illicit activities vs fiat transactions? Who knew! Thanks for sharing.
- krisboyz781 2y ago[dead]
- colesantiago 2y agoIt is sad that Stripe is still trying to pursue crypto. Have they not learned from their failed Bitcoin experiment?
- stonethrowaway 2y agoI’m assuming what’s his face that created the bingo card program will spring up to educate us again on how we are so wrong about this one obviously overlooked thing.
- lovethevoid 2y agoThis is Bridge leveraging failed talks for future funding rounds or in hopes of finding another faster buyer. Stripe has been making a plethora of acquisitions recently, but have kept all of them quiet and mostly directed towards tiny teams that were covering blind spots for Stripe. I just don't see how any of that aligns with Bridge, not when Stripe has already been implementing crypto related features and is well positioned to offer everything Bridge does without the $1B purchase cost for a company that can only get valuation at 200m.
- erulabs 2y agoGenuinely appreciative that Stripe has remained private long enough to single handedly keep both M&A and crypto active post-ZIRP. I know it’s not a popular opinion here, but decentralized internet currencies are a good thing for the human race to have in its back pocket, despite the apparent lack of a use in a US dollar hegemony. Still, curious about 200M -> 1B! Sounds like about of editorial fudging to me.