Stripe acquired Privy. Here’s the announcement, with a reminder that infrastructure is never just plumbing. Privy made it dramatically easier to embed wallets into apps. Over 1,000 teams integrated it. Seventy-five million wallets spun up. Wallet onboarding stopped being painful. Now the whole thing lives inside Stripe. And that changes the equation.If Privy was your wallet layer—and Stripe now owns Privy—what exactly do you own?Embedding Isn’t OwnershipThe pitch for embedded wallets is solid...

Stripe acquired Privy. Here’s the announcement, with a reminder that infrastructure is never just plumbing. Privy made it dramatically easier to embed wallets into apps. Over 1,000 teams integrated it. Seventy-five million wallets spun up. Wallet onboarding stopped being painful. Now the whole thing lives inside Stripe. And that changes the equation.If Privy was your wallet layer—and Stripe now owns Privy—what exactly do you own?Embedding Isn’t OwnershipThe pitch for embedded wallets is solid...