[Stripe Acquires Crypto Payment Startup Valora, Further Expands into the Stablecoin Sector] BlockBeats News, December 11: Jackie Bona, founder of the cryptocurrency payment app Valora, announced in a blog post on Wednesday that her team will be joining payment giant Stripe, which is increasingly delving into blockchain technology and the stablecoin sector. Valora is a mobile-focused cryptocurrency payment app 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 the time. A Stripe spokesperson has confirmed the news, adding, 'The Valora team's expertise in cryptocurrency wallet infrastructure and on-chain developer tools will bring valuable knowledge to Stripe's work in the crypto space.'