Payment Services Giants See Crypto as Opportunity, Not Threat: MoffettNathanson

Payment Services Giants See Crypto as Opportunity, Not Threat: MoffettNathanson
Payment services giants Visa, Mastercard and PayPal don’t see the rise of the crypto industry as a threat, and both will continue to invest across the crypto ecosystem, New York-based research firm MoffettNathanson told clients in a note Wednesday.The note underscores the growing acceptance of crypto among older payment services companies and highlights their efforts to adapt to a changing environment. The three companies spoke at MoffettNathanson’s crypto and blockchain event earlier this month.Visa sees crypto’s relevance extending beyond payments and itself as a Layer 2 solution that can operate on top of the blockchain network as the company does…