A bit of over a yr after the collapse of the crypto banks Silvergate and Signature, monetary establishments are very considering crypto. PayPal has used its proprietary stablecoin to pay auditors Ernst & Younger LLP, utilizing a hub offered by SAP. Visa “is helping to bridge existing fiat currencies with blockchains” by way of its Visa Tokenized Asset Platform (VTAP).
Lots has occurred since these financial institution collapses, huh? We’ve got a Bitcoin ETF, we have now crypto bros meddling in politics, and a mini boom-and-bust cycle on Bitcoin costs. I’ve to imagine PayPal and Visa bought began on these things some time in the past with the intention to get it popping now, however I do suppose it’s curious they’re targeted on stablecoins.
