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Home News Stripe Acquires Crypto Payment Startup Valora, Further Expanding into the Stablecoin Space

Stripe Acquires Crypto Payment Startup Valora, Further Expanding into the Stablecoin Space

Stripe Acquires Crypto Payment Startup Valora, Further Expanding into the Stablecoin Space

BlockBeats News, December 11, Founder of the cryptocurrency payment app Valora, Jackie Bona, announced in a blog post on Wednesday that her team will be joining the payment giant Stripe, which is increasingly delving into blockchain technology and the stablecoin space.

Valora is a mobile-focused cryptocurrency payment app built on top of the Ethereum layer 2 network CELO. The startup split from cLabs (the development organization behind the Celo blockchain) in 2021, raising $20 million at the time.

A Stripe spokesperson has confirmed this news, adding, “The Valora team’s experience in cryptocurrency wallet infrastructure and on-chain developer tools will bring valuable expertise to Stripe’s work in the crypto field.”

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