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