STRIPE'S BLOCKCHAIN VISION: REPLACING THE CARD NETWORK ENTIRELY

Summary from the TLDR Crypto newsletter

With its acquisition of Bridge and Privy, Stripe is building out a full-stack crypto payments stack, topped off by its own L1 blockchain. Stripe's wallet (via Privy), stablecoin infra (via Bridge), and L1 could bypass traditional card networks entirely, unlocking direct stablecoin payments, programmable subscriptions, and DeFi yield on merchant float. If successful, Stripe will shift from a payment processor to an on-chain payment network.