Stripe-Backed Bridge Acquires Web3 Wallet Provider Triangle

Bridge, the stablecoin-focused company recently acquired by Stripe for $1.1 billion, has just made its own strategic move. The company announced it acquired Triangle, a Web3 wallet infrastructure platform. While the financial details of the acquisition were kept private, the move brings a new level of wallet technology to Bridge’s platform.

Triangle’s founder, Tasti Zakarie, is no stranger to Stripe. He previously worked at the payment giant, which has significantly influenced Triangle’s approach. “Triangle was inspired by Stripe in how easy they made it to accept payments in any application,” Zakarie commented. “Similarly, we made it easy to utilize digital assets in any application.” His experience with Stripe helped him design a developer API for Triangle that simplifies the process of offering Web3 wallets to users, even those with limited technical knowledge.

With the acquisition, Bridge aims to leverage Triangle’s wallet technology to make stablecoin transactions more accessible. Triangle’s infrastructure allows developers to offer Web3 wallet services more seamlessly, potentially attracting a wider range of users to the blockchain. This focus aligns with Bridge’s goal of providing stablecoin-based solutions that are user-friendly and scalable.

This acquisition occurs alongside Stripe’s broader $1.1 billion acquisition of Bridge. The deal, one of the largest acquisitions in the cryptocurrency industry by a major payments company, demonstrates Stripe’s commitment to expanding in the digital currency sector. Stripe’s buyout of Bridge reflects the increasing importance of stablecoins and digital payments across the financial ecosystem.

Triangle also has backing from key investors like Chamath Palihapitiya of Social Capital, Alchemy Ventures, DCG, and WndrCo, who see potential in its approach to blockchain wallet technology. By integrating with Bridge, Triangle can now contribute to broader adoption efforts, aiming to bring stablecoins and Web3 applications to the mainstream.

With Stripe’s and Bridge’s support, Triangle’s infrastructure could transform how businesses and users interact with digital assets, potentially easing the transition to blockchain-based finance.