Language
Bridge, Which Is Being Bought by Stripe for $1.1B, Acquires Web3 Infrastructure Platform Triangle

News

HomeHome / News / Bridge, Which Is Being Bought by Stripe for $1.1B, Acquires Web3 Infrastructure Platform Triangle
search
RECENT NEWS

Mar 09, 2023

Waterproof Mascara Ingredients That May Make You Think Twice Before Using It Again

Apr 08, 2023

14 Best Weekender Bags That Are Cute and Incredibly Roomy

Mar 27, 2023

The 10 Cutest Tote Bags for Summer Travel & More

Nov 25, 2023

WaterField Introduces Made

Jan 16, 2024

Inside the Delirious Rise of ‘Superfake’ Handbags

SEND YOUR INQUIRY
SUBMIT

Nov 01, 2024

Bridge, Which Is Being Bought by Stripe for $1.1B, Acquires Web3 Infrastructure Platform Triangle

Election 2024 coverage presented by Triangle, a web3 wallet infrastructure platform founded by Stripe alumni Tasti Zakarie, has been acquired by stablecoin payments platform Bridge, the company said

Election 2024 coverage presented by

Triangle, a web3 wallet infrastructure platform founded by Stripe alumni Tasti Zakarie, has been acquired by stablecoin payments platform Bridge, the company said in a press release on Friday.

As part of the deal, the Triangle team will join Bridge to help build scalable stablecoin systems, the company said. Financial details of the transaction were not disclosed.

Bridge itself is a recent acquisition target. The stablecoin company is being bought by Stripe for $1.1 billion, in the largest crypto acquisition by a major payments company to date.

"Triangle was inspired by Stripe in how easy they made it to accept payments in any application," Triangle founder and CEO Tasti Zakarie said in emailed comments. "Similarly, we made it easy to utilize digital assets in any application."

The California-based company has built a developer API that allows companies to offer wallets to less tech savvy users and bring more users onchain.

Triangle is backed by investors including Chamath Palihapitiya of Social Capital, Alchemy Ventures, DCG and WndrCo.

Read more: Stripe's Acquisition of Bridge Validates the Usage of Stablecoins: Bernstein

Edited by Parikshit Mishra.

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information have been updated.CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. CoinDesk has adopted a set of principles aimed at ensuring the integrity, editorial independence and freedom from bias of its publications. CoinDesk is part of the Bullish group, which owns and invests in digital asset businesses and digital assets. CoinDesk employees, including journalists, may receive Bullish group equity-based compensation. Bullish was incubated by technology investor Block.one.

Will Canny is a finance reporter at CoinDesk.n