Stripe Acquires Valora Team to Expand Crypto Services
Stripe has acquired the team behind Valora wallet to accelerate its stablecoin offerings, integrating talent while leaving the app’s IP with cLabs.
Fiat currency is government-issued money that is not backed by a physical commodity like gold. Examples include the US dollar, euro, and yen. In the crypto world, fiat currencies are often used as reference points for pricing and trading digital assets. They also serve as on- and off-ramps between traditional financial systems and cryptocurrencies. Despite the rise of digital assets, fiat currencies remain dominant in everyday economic activity.
Stripe has acquired the team behind Valora wallet to accelerate its stablecoin offerings, integrating talent while leaving the app’s IP with cLabs.
BMW Group has completed its first fully automated EUR-to-USD FX transaction using JPMorgan’s Kinexys Digital Payments.
Visa has partnered with Aquanow to expand stablecoin settlement capabilities across the CEMEA region, enabling issuers and acquirers to settle transactions using USDC for faster, lower-cost…