Stripe Acquires Crypto Firm Bridge For $1.1B

Finance
Written By Rick Watson

Bridge describes itself as the Stripe of crypto, specializing in making it easier for businesses to accept stablecoin payments without having to deal directly with digital tokens.

Stripe, a payments infrastructure platform, has acquired stablecoin-based global finance platform Bridge for $1.1B. This deal provides liquidity for a variety of venture capital firms but, more importantly, provides an exit for the crypto sector, which is facing a lack of IPOs and acquisitions. Stripe also acquired a potential competitor that could disrupt in the future.

CNBC: Stripe’s $1.1 billion deal for crypto firm Bridge marks much-needed win for VCs

Rick Watson

Rick Watson founded RMW Commerce Consulting after spending 20+ years as a technology entrepreneur and operator exclusively in the eCommerce industry with companies like ChannelAdvisor, BarnesandNoble.com, Merchantry, and Pitney Bowes.

Watson’s work today is centered on supporting investors and management teams incubating and growing direct-to-consumer businesses. Most recently, in partnership with WHP Global, Rick was a critical resource in architecting the WHP+ platform, a new turnkey direct to consumer digital e-commerce platform that powers AnneKlein.com and JosephAbboud.com.

Watson also hosts a weekly podcast, Watson Weekly, where he shares an unbiased, unfiltered expert take on the retail sector’s biggest players.

In the past year alone, Rick has spoken at many in-person and virtual events as well as podcasts on topics ranging from retail/ecom to supply chain/logistics and even digital grocery including CommerceNext IRL, ASCM Connect, and Retail Innovation Conference.

https://www.rmwcommerce.com/
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