TLDR:
- Valora team joins Stripe to strengthen blockchain and stablecoin infrastructure globally.
- The Valora app returns to cLabs, maintaining continuity for its existing user base.
- Stripe gains mobile-first crypto engineering expertise for faster on-chain payments.
- The acquisition aligns both companies’ goals for broader financial access worldwide.
Stripe Acquires Valora Team in a move that strengthens its ongoing blockchain expansion. The payments company is absorbing the developers responsible for the Celo-based Valora wallet, while the application and its intellectual property return to cLabs.
This transition places Stripe in a stronger position to scale its stablecoin and on-chain payment initiatives.
In a recent blog post, Valora founder Jackie Bona outlines a planned shift that separates product ownership from the engineering group.
The team will contribute directly to Stripe’s crypto efforts, while cLabs resumes stewardship of the consumer product. Both organizations frame the move as a continuation of their long-standing priorities around accessible digital payments.
Stripe Acquires Valora Team to Advance Stablecoin Strategy
Stripe Acquires Valora Team as it seeks to accelerate its work on blockchain-based settlement systems.
According to Bona, the decision emerged after assessing how Stripe’s global infrastructure aligns with the team’s original mission. She stated that the company “shares our conviction that stablecoins and crypto can dramatically expand who gets to participate in the global economy.”
Her message also referenced the group’s experience with real-world usage. Bona explained that the team had “seen firsthand how access to stablecoins and crypto rails can expand economic opportunity,” a point that shaped the transition.
The integration places experienced mobile-first crypto engineers inside Stripe’s expanding blockchain division.
This arrangement supports Stripe’s broader push for faster global money movement.
The addition of the Valora team gives Stripe deeper technical resources in areas involving stablecoin transfers, mobile asset management, and user-centric crypto design. These capabilities fit into Stripe’s growing suite of digital asset tools.
Valora App Returns to cLabs While Stripe Absorbs the Engineering Group
Stripe Acquires Valora Team while the Valora application returns to cLabs, the organization that originally supported the product before it was spun out.
Bona said the return was appropriate because cLabs “is best positioned to support its continued growth,” given its alignment with the Celo ecosystem and its existing community relationships.
The separation of the product and the team keeps the app operational under familiar leadership. This structure ensures that Valora users continue to access the mobile wallet without service disruption.
Meanwhile, the engineering group shifts focus to Stripe’s blockchain roadmap rather than direct app management.
Bona thanked users, partners, investors, and team members for supporting the project through multiple phases.
She noted that the handover “marks the close of one incredible chapter and the start of an even more exciting one,” signaling continuity for both the product at cLabs and the team now joining Stripe.
The post Stripe Acquires Valora Team to Accelerate Its Blockchain Expansion appeared first on Blockonomi.
Source: https://blockonomi.com/stripe-acquires-valora-team-to-accelerate-its-blockchain-expansion/