490 place 0

958 Stripe’s Bridge to Crypto

The Information
Martin Peers @ The Information · 10/21/2024 20:00 EDT

Crypto is so back, baby! Payments firm Stripe confirmed that today with its deal—reportedly $1.1 billion—to buy Bridge, a startup that helps companies make payments using stablecoin (a type of cryptocurrency backed by dollars and other traditional currencies). Given that Bridge’s revenue may be around $12 million,  as The Information estimated today, Stripe appears to be paying a massive price—reminiscent of crypto’s halcyon pre-2022 days.But times have changed, and not just because Sam Bankman-Fried is now

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