building @privy_io (acquired by @stripe)

San Francisco
Joined June 2011
(1/7) Big news - I’ve joined @privy_io! Super excited to be part of a team that’s making crypto actually usable for real people. Let’s talk about why this matters. 🧵👇 (real pic of me meeting the team this week)
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LIVE: Artisan has added a stablecoin-backed card to its bill-pay app with @privy_io and @stripecrypto Back in August, @doranmaul told us his US users wanted to pay their bills straight from their stablecoins: “I would pay my mortgage onchain if I could.” xitter.cf/UseArtisan/status/2112…
Pay the bill. Swipe the card. Same stablecoin balance. Bill pay was step one. @privy_io and @stripecrypto helped us ship step two in just weeks.
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Unreal attention to detail congrats to @chrismaddern @jalagar_eth @zjbrenner and team!!
OpenSea Mobile is now open to everyone. Everything you own. Everything you trade. Everyone you trade with. Memes, art, trading cards, perps. 25+ chains, all your wallets, one app. Trade everything, together.
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👀 privy spotted
Agentic Supply Co. is now open at #CloudflareConnect, thanks to our partners at @privy_io. Browse a curated collection of exclusive Cloudflare and Privy merch in the Moscone West lobby. We’ll even drop $10 in your Cloudflare Wallet. You can reserve your handle at cloudflare.pay.
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Probably the fastest way to go live with a stablecoin-backed card program today
Artisan (@UseArtisan) went live in weeks with stablecoin-backed cards* using Privy’s prebuilt components and @stripe Issuing. Launching a card program* has traditionally meant managing onboarding, KYC, fraud tooling, support, and bank approval across multiple vendors. Privy’s prebuilt components bring that experience together, with pre-approved UI for onboarding, card creation, transaction history, and card management embedded directly into your product. With Privy and Stripe Issuing, teams get: ✔️ Prebuilt components that streamline approval + launch ✔️ End-user support, fraud tooling, and pre-approved fund flows ✔️ Just-in-time funding directly from wallet balances This means users can set up a card in a few taps and spend their stablecoin balance wherever Visa is accepted.* Get started: privy.io/contact?utm_source=…
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imti 🐯🍫 retweeted
if you want to have fun on Fridays again, we’re hiring at @privy_io
A lot of workplace culture died after Covid and never recovered. Yes, working from home is probably bad for you as a whole - but I’ve noticed in my own workplace that nobody uses the environment as a social launchpad anymore - which should be its biggest utility. I remember in pre Covid times there were at least moments of serendipitous fun. In this post Covid era rife with economic pessimism, I get the sense that people are generally afraid to take any sort of liberties in the workplace, even if it’s something as benign as taking a long lunch. Fridays used to have a good energy to them. Now I dread them. You can hear a pin drop in my office most Fridays. Small talk has been killed in the name of productivity. I know this isn’t all workplaces but I have a feeling I’m not alone here. If you’re lucky enough to work somewhere that hasn’t been managed-to-death, count your blessings. Otherwise I am forced conclude that working from home is the lesser evil, even if not by much.
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tldr: money has to reside somewhere, and @privy_io builds the world's best programmable vaults Looking back at the past year: assets in Privy wallets have grown ~25x, monthly active developers are up ~3x, revenue is up ~9x, and Privy now facilitates nearly $25B of monthly transaction volume @tryramp, @deel, @Klarna, @felixpago, @HyperliquidX, and thousands of other businesses are building embedded banking functionality on Privy!
Today is probably a good time to check in on things with @privy_io, which became part of @stripe just over a year ago. Our acquisition was predicated on three factors: stablecoin growth, self-custody as a key enabler of broader global coverage, and rapidly increasing demand for programmable financial infrastructure. As we said at the time, "money has to reside somewhere, and Privy builds the world's best programmable vaults." Since then, the Privy team has executed exceptionally well: assets in Privy wallets have grown ~25x, monthly active developers are up ~3x, revenue is up ~9x, and Privy now facilitates nearly $25B of monthly transaction volume. @tryramp, @Deel, @Klarna, @felixpago, @HyperliquidX, and thousands of other businesses are building embedded banking functionality on Privy. At Stripe, we're deeply integrating Privy into Treasury, @Link, and Connect. In each case, it's accelerating our global expansion, and enabling us to build better functionality faster. (Coming soon: @Link balances.) We're also seeing that Privy's wallet infrastructure is the ideal substrate for agents to transact and earn -- live today with @merit_systems, @orthogonal_sh, @Nevermined_ai, @prlnet, and more. Developers prefer programmable financial infrastructure, but agents need it. We expect that the agentic economy will continue to grow extremely quickly. The Privy team has maintained remarkable product velocity, with major launches this year including deposit addresses, earning on Privy balances, digital asset accounts, custodial wallets, and Stripe's own stablecoin cards. It's also been neat to see how Privy has been accelerated by Stripe, with better onramps, @stablecoin payment rails and licenses, Stripe's fiat capabilities and issuing stack, and integration with @Tempo. Together, we're building one API for holding stablecoin balances and earning yield, moving money in and out of fiat, and orchestrating spend with cards. We still have a lot of work to do, not least in integrating everything across Privy, Bridge, and the rest of Stripe -- there's been so much feature and functionality expansion that we haven't yet had much time to reconcile everything. Overall, though, I'm very happy with how things are going, and excited by where these capabilities are headed. If you're interested in working on the future of stablecoins, agentic payments, and crypto's deployment in the real world, you should get in touch with @sternhenri (now leading all of @StripeCrypto) or others on the team.
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excited to make big moves with a great team 🫶 @Plasma
We're bringing together Stripe's fiat and crypto infrastructure to make it easier for businesses to build stablecoin-backed cards that work across currencies and markets. More on what we're building with @Plasma,
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Deel pays contractors in 80+ countries on the full Stripe stack: using @privy_io for wallets, @Stablecoin for fiat-to-stablecoin orchestration and issuing DLUSD. Now, those payouts can remain private with Tempo Zones.
Privacy is live on Tempo. Tempo Zones let enterprises keep customer stablecoin balances and payments private, with built-in compliance controls and access to global liquidity. @deel is the first customer with Zones live in production.
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imti 🐯🍫 retweeted
It's crazy that anyone can see every payment you put on a public blockchain We fixed this on @tempo with Zones: private accounts where you control who sees what, and they still work with DeFi, vaults, RWAs, ramps and bridges It's been great working with @thierryEdde44 and the @deel team building with us as an early customer!
Payroll has to be private. That’s been non-negotiable for us since day one of building the @deel stablecoin wallet. Tempo Zones gives us that privacy, so we can bring the benefits of stablecoins to our users. Really enjoyed working on zones with @liamihorne and the @tempo team!
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I remember when typing your credit card number into a website felt like a terrible idea and now I don’t even think about it Agents feel a bit like that right now
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imti 🐯🍫 retweeted
written text 'damaged' our memory, and gps 'damaged' our navigation abilities. human cognition adjusts and expands, while incorporating prosthetics (books, maps, phones)
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great opportunity!
Stripe Sessions is looking for speakers for its dedicated crypto track next year. If you’re building with stablecoins or crypto, we want to hear what you’ve learned: what worked, what didn’t, and what you’re building next. Submit your proposal by Nov 6: cfp.stripesessions.com/flow/…
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citrini never misses The wall between traditional finance and crypto is starting to come down citriniresearch.com/p/breaki…
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imti 🐯🍫 retweeted
privy's hiring! we're looking for someone with a research background who's: hungry, opinionated and wants real ownership over how we go to market in crypto you'll find the best teams before anyone else is talking to them, call where the market's heading next, and build the relationships that turn into deals
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imti 🐯🍫 retweeted
It is honestly pretty funny to see SF AI people design communication and security protocols for consumers agents that resemble crypto more than centralized systems Perhaps the threat models of open, permissionless networks was more right than the many detractors want to admit
Today we’re announcing Personal Agent Protocol — an open standard @Meta and @SierraPlatform are developing along with industry partners at @Genesys, @instinct, @RocketOTD, @Shopify, @stripe, and @Walmart. It will help define how personal agents interact with businesses and is open for anyone to implement. You can read more here - and if anyone is interested in joining let me know! sierra.ai/blog/introducing-p…
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BREAKING: @sternhenri to lead crypto and stablecoins at Stripe, in addition to his role at Privy
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welcome to the world, @openstandard
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We sat down with @privy_io’s cofounder and CTO, Asta (@asta_li), to talk about Privy’s early days, finding their first customers, and why NYC is home. We get into NYC vs. SF, avoiding groupthink, and why where you build matters. 0:00 Intro 2:08 Finding their customer base 4:42 NYC and crypto 6:36 Social and cultural aspects of NYC 7:28 Knicks game and NYC’s energy 8:49 NYC’s greatest edge: mobility/transit 10:36 What is the case for NYC? 13:35 Groupthink: NYC vs. SF 16:33 What cemented your move to NYC? 18:00 Which city motivates you to build more? 20:20 What would you tell your pre-NYC self? 22:55 Where’s Privy going next? 23:59 Bearish sentiment in crypto 25:59 Favorite spots in NYC 26:21 Eccentric diets in tech 26:53 Conclusion/wrap-up
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