There was originally a plan for Visa and Mastercard to delve further into crypto.
But recent events allegedly pushed the companies to rethink the move.
Here are the details.
There's a lot going on in the industry right now.
The FTX collapse drew a lot of scrutinies. And it made regulation inevitable.
Recently banks have been a massive contention point. Whether or not their allowed to hold crypto, issue it, etc.
It's sad to see Visa and Mastercard delay their plans … but admittedly it seems like a solid business choice.
Once the industry is a bit more transparent, there will be more confidence behind any business deals involving crypto.
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