Payment systems giants Visa, Mastercard and PayPal announced that they do not see the rise of the crypto industry as a threat, but will continue to invest in order to seize opportunities in the ecosystem.
Moffett Nathanson companies speaking at the crypto and blockchain event organized by increasing crypto adoption among legacy payment systems companies They underlined their efforts to adapt to the changing environment. Terry Angelos, the company’s Senior Vice President and head of Global Fintech, told MoffettNathanson of Visa, Strong increase in partnerships with crypto wallets over the next two years He said he was waiting.
Mastercard Blockchain and Digital Asset Brand Manager Raj Dhamodharan said that Mastercard sees crypto as an opportunity to create new products. As a company, To be an intermediary to the NFT market stated that they are aiming. MasterCard, announced in October that it will also integrate crypto assets into its payment systems. This integrationnot to lose customers to cryptocurrency exchanges They added what they did on their behalf.
Shortly before Visaannounced that it will start providing consultancy services on crypto money to banks and financial institutions it works with.
PayPal On the other hand, it invests in initiatives related to crypto ecosystem education with the aim of reaching a wider audience.