The big boys want in on crypto, too
Illustration by Alex Castro / The Verge
A little over a year after the collapse of the crypto banks Silvergate and Signature, financial institutions are very interested in crypto. PayPal has used its proprietary stablecoin to pay auditors Ernst & Young LLP, using a hub provided by SAP. Visa “is helping to bridge existing fiat currencies with blockchains” through its Visa Tokenized Asset Platform (VTAP).
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