The mainstream acceptance of cryptocurrencies has translated into many traditional payment channels opening their doors to the new asset class. Big-scale payment providers such as Visa and Mastercard and digital payment platforms such as Paypal have begun adding crypto support. However, these massive integrations did not take place in a vacuum and were result of larger market sentiments.
In a recent podcast, Paypal’s senior vice president and general manager of blockchain, crypto, and digital currencies, Jose Fernandez, remarked that Paypal deciding to offer crypto services was a combination of factors such as massive demand from both consumers and merchants for using crypto as a payment instrument along with regulatory clarity on the
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