Just a little over a yr after the collapse of the crypto banks Silvergate and Signature, monetary establishments are very occupied with 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 way of its Visa Tokenized Asset Platform (VTAP).
Quite a bit has occurred since these financial institution collapses, huh? We have now a Bitcoin ETF, now we 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 with the intention to get it popping now, however I do suppose it’s curious they’re targeted on stablecoins.
