valora

The founder of the cryptocurrency payment app Valora, Jackie Bona, announced in a blog post on Wednesday that her team will join payment giant Stripe, which is increasingly delving into blockchain technology and the stablecoin space.Valora is a mobile-focused cryptocurrency payment application built on the Ethereum Layer 2 network CELO. The startup spun off from cLabs (the development organization behind the Celo blockchain) in 2021, raising $20 million at that time. A Stripe spokesperson has confirmed the news, adding that "the Valora team's experience in cryptocurrency wallet infrastructure and on-chain developer tools will bring valuable expertise to Stripe's work in the crypto space."

According to The Block, payment giant Stripe is expanding its cryptocurrency business by acquiring the team of cryptocurrency startup Valora. Valora founder Jackie Bona announced on Wednesday that the team will join Stripe "in pursuit of expanding access to the global financial system."The terms of the deal were not disclosed, including how many Valora employees will join Stripe. Valora was founded in 2021 and developed a mobile self-custody cryptocurrency wallet app, specifically targeting stablecoins on the CELO blockchain. According to Bona, Stripe's acquisition does not seem to include the intellectual property of Valora's technology, and the app will "continue to exist by returning to its original home at cLabs." Previously, Stripe announced that its stablecoin payment feature will go live on December 12, supporting Ethereum, Base, and Polygon networks.

According to The Block, payment giant Stripe has acquired the team of crypto startup Valora through "acquihiring," expanding its cryptocurrency business.On Wednesday, Valora founder Jackie Bona announced that the team will join Stripe to pursue the mission of broadening access to the global financial system. The terms of the deal were not disclosed, including the number of Valora employees joining Stripe. According to Bona, Stripe's acquisition does not seem to include the intellectual property behind Valora's technology. She wrote that the app will "return to its roots at cLabs to continue operations, with cLabs leading its future development."Valora was launched in 2021 and developed a mobile-first, user-custodied cryptocurrency wallet application, particularly targeting stablecoins on the CELO blockchain. Valora aims to make sending cryptocurrency as simple as sending a text message and has previously collaborated with peer-to-peer applications like M-Pesa to expand into the African market, as well as partnered with stablecoin issuer Tether to promote the global adoption of stablecoins.

ChainCatcher news, Tether announced on the X platform that it has launched a global initiative with Valora and Stabila Foundation aimed at educating users in emerging markets about the use cases of stablecoins and promoting the adoption of blockchain.

ChainCatcher news, according to CoinDesk, the P2P payment application Valora has launched the Mobile Stack, which simplifies the creation of Web3 native mobile applications on iOS and Android. Troopo and The ChatGPT DataDAO will be among the first projects in the Mobile Stack ecosystem partners to bring Web3 DApps to mobile devices.