# Privy

*Embedded wallets and onboarding; acquired by Stripe.*

Wallet-as-a-service for seamless onboarding, acquired by Stripe and part of the Tempo/Stripe stack.

## At a glance

- **Type:** infrastructure
- **Category:** wallets-custody
- **Status:** active
- **Website:** https://privy.io

## Key facts

- **Category:** Embedded-wallet and user-onboarding infrastructure that lets developers add wallets to their applications. _(confidence 95%)_
- **Custody model:** Wallets are embedded and self-custodial, letting users transact without managing seed phrases. _(confidence 60%)_
- **Tempo support:** Lists Tempo among the EVM-compatible chains it supports for embedded wallets. _(confidence 95%)_
- **Stripe acquisition:** Announced on June 11, 2025 that Stripe is acquiring Privy. _(confidence 98%)_
- **Tempo fee model:** Tempo has no native token; transaction fees are paid in USD-denominated TIP-20 stablecoins. _(confidence 95%)_
- **Gas handling:** Provides gas-sponsorship and gas-abstraction features so apps can cover or manage users' TIP-20 stablecoin transaction fees. _(confidence 60%)_

## Related entities

- [Tempo](https://tempo.dataos.so/entity/tempo) — integrates
- [Stripe](https://tempo.dataos.so/entity/stripe) — acquired by

## Sources

1. [https://docs.privy.io/wallets/overview/embedded](https://docs.privy.io/wallets/overview/embedded)
2. [https://docs.privy.io/concepts/embedded-wallets](https://docs.privy.io/concepts/embedded-wallets)
3. [https://docs.privy.io/wallets/overview/chains](https://docs.privy.io/wallets/overview/chains)
4. [https://privy.io/blog/announcing-our-acquisition-by-stripe](https://privy.io/blog/announcing-our-acquisition-by-stripe)
5. [https://docs.tempo.xyz/protocol/fees](https://docs.tempo.xyz/protocol/fees)
6. [https://docs.privy.io/guide/chains/tempo](https://docs.privy.io/guide/chains/tempo)

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Last reviewed: 7 Jun 2025  
Canonical: https://tempo.dataos.so/entity/privy  
Source: tempowiki (https://tempo.dataos.so) — an independent, sourced reference for the Tempo ecosystem. Not affiliated with Tempo, Stripe, or Paradigm.