Payments giant Stripe reportedly mulling PayPal acquisition. Here is what it means for crypto
TL;DR
Stripe is reportedly considering acquiring PayPal, which could combine two major payment firms with strong interests in stablecoins and crypto infrastructure. This news has boosted PayPal's stock, reflecting market optimism about the potential deal's impact on the crypto sector.
What to know:
- Stripe is considering a bid for all or parts of PayPal's business, Bloomberg reported.
- A deal would marry two payment processing firms with growing interest in stablecoins and crypto rails.
- Already higher this week on buyout rumors, PYPL shares rose another 7% on the news.
- Stripe is considering a bid for all or parts of PayPal's business, Bloomberg reported.
- A deal would marry two payment processing firms with growing interest in stablecoins and crypto rails.
- Already higher this week on buyout rumors, PYPL shares rose another 7% on the news.
Stripe, which processed $1.9 trillion in transactions last year and was recently valued at $159 billion, is considering an acquisition of all or parts of PayPal (PYPL), according to a Bloomberg report.
Deliberations are in early stages, the report continued.
If completed, the deal would bring together two major payment firms that have both moved into stablecoins.
PayPal launched its dollar-backed stablecoin PYUSD$1.0005 in 2022 through issuer Paxos. The token has since grown to a market value of about $4 billion. It allows users to move dollars across crypto networks at any time of day, often at a lower cost than bank wires.
Stripe has also pushed deeper into crypto. In 2024, it acquired Bridge for $1.1 billion, a company that builds tools for businesses and crypto projects to issue their own U.S. dollar-backed tokens. Stripe is also working with venture firm Paradigm to develop Tempo, a payments-focused blockchain now in testing.
PayPal has struggled mightily in recent years, its stock tumbling about 80% from record highs hit in 2021. Shares were already higher this week on buyout chatter, and they rose another 7% late Tuesday in the wake of the Stripe report.
Read more: Stripe's Bridge sees stablecoin volume quadruple as utility insulates from 'crypto winter'
- Crypto isn’t just building faster payments rails. It may be building the financial system for non-humans.
- As AI agents grow more autonomous, developers are already giving them crypto wallets, allowing software to hold assets, pay for services, trade tokens and even hire other agents. The technical pieces are falling into place. The legal ones are not.
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