Somewhat over a yr after the collapse of the crypto banks Silvergate and Signature, monetary establishments are very excited about 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 its Visa Tokenized Asset Platform (VTAP).
Quite a bit has occurred since these financial institution collapses, huh? We now have 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 received began on these things some time in the past in an effort to get it popping now, however I do suppose it’s curious they’re targeted on stablecoins.
