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Stripe Acquires Valora Team to Power Stablecoin Payments

Key Takeaways

  • Stripe welcomed the Valora team to boost its blockchain work, while the Valora app stays under cLabs’ operation;
  • Valora’s creators, who spun out from cLabs in 2021 and raised $20 million, bring experience with multi-chain mobile wallets;
  • CEO Jackie Bona said joining Stripe unites Web3 innovation with global financial reach to expand access via stablecoins.

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Stripe Acquires Valora Team to Power Stablecoin Payments

Stripe, a payments company, welcomed the team behind Valora, a crypto wallet app, to support its blockchain efforts.

The Valora app will continue operating under cLabs, the Celo development group, while its creators join a payments platform project.

The acquired team built Valora after spinning off from cLabs in mid‑2021 and secured $20 million in Series A funding. The mobile wallet supports stablecoins and assets on Celo, Ethereum ETH $3,208.85 , Base, Optimism OP $0.3092 , and Arbitrum ARB $0.2065 .

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Valora's CEO, Jackie Bona, explained in a post on X that the collaboration stems from shared beliefs on expanding financial access via stablecoins and crypto.

Bona said, "Through this work, we’ve seen firsthand how access to stablecoins and crypto rails can expand economic opportunity. In the past few months, it became clear that we could accelerate this mission by joining Stripe, one of the world’s leading financial infrastructure platforms".

Bona emphasized that adding the Valora team to Stripe would combine Web3 with a platform that has a very wide audience reach.

Valora recently created an open protocol platform that serves as a launchpad for Web3 applications, optimized for a mobile-first experience.

Meanwhile, Stripe revealed a testnet for its stablecoin-focused blockchain platform, Tempo, on December 9. How does it work? Read the full story.

Aaron S. Editor-In-Chief
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.

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