The payment processing giant Stripe made two moves in the cryptocurrency space this week. 

The company acquired the crypto wallet startup Valora, without disclosing financial terms. And separately, the Stripe-owned digital wallet infrastructure unit Privy is working with buy now, pay later firm Klarna Group to develop a digital wallet for cryptocurrencies. 

The two developments were revealed in separate announcements on Wednesday and Thursday, respectively. 

The merger with Stripe - which has a dual headquarters in Dublin, Ireland and San Francisco - will further Valora's goal of giving more people access to financial services, the startup's CEO Jackie Bona said in a blog post Wednesday. 

"Stripe shares our conviction that stablecoins and crypto can dramatically expand who gets to participate in the global economy," Bona said in the post. 

Valora, which is also based in San Francisco, was part of the Celo blockchain platform, but announced in 2021 that it would become an independent company and that it had raised $20 million.

A Stripe spokesperson declined to say when the merger will be finalized or reveal the price Stripe paid for Valora.

A Valora spokesperson did not immediately respond to a request for comment.

Klarna signed a research partnership with Privy to design a digital wallet for crypto products that could be used by Klarna customers, according to the release. 

When asked about the timing, a Klarna spokesperson said the partnership agreement was “just signed,” and that Klarna does not yet have an idea of when they will finish developing the wallet.

The London-based buy now pay later firm introduced its own stablecoin, KlarnaUSD, in November. Lowering the barrier for adoption of cryptocurrency such as stablecoins is one of the goals for developing the wallet, the release said. 

The partnership puts Klarna "in a unique position to bring crypto into the financial lives of normal people, not just early adopters," CEO Sebastian Siemiatkowski said in the release.