Just a little over a 12 months after the collapse of the crypto banks Silvergate and Signature, monetary establishments are very keen on 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” via its Visa Tokenized Asset Platform (VTAP).
Lots has occurred since these financial institution collapses, huh? Now we have 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 bought began on these items some time in the past as a way to get it popping now, however I do suppose it’s curious they’re centered on stablecoins.
