© Reuters
Crypto cycles are not for the faint hearted. As the industry continues to evolve from cypherpunks to the mainstream, we can expect a lot of growing pains. He dumpster fire that was 2022 it may have scared off many companies interested in exploring the sector. Case in point: Visa (NYSE:) and Mastercard’s crypto adoption may have hit a snag thanks to the bear market and unclear regulations.
According to a new report from Reuters, credit card giants are halting the launch of certain crypto products until market conditions and the regulatory environment improve. Cuy Sheffield, who heads Visa’s cryptocurrency division, was not pleased with the report, assuring the market that Visa is very committed to delivering on its cryptocurrency ambitions.
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