It is clear that with the rise of cryptocurrencies, many players are going to take to the streets willing to take a piece of this cake. The most powerful investors and the great whales are turning their savings into digital assets, escaping from banks and governments. This means less control, more freedom, and more power for Defi machinery.
Paypal and Visa, two well-established traditional payment systems on the internet, are ready this 2021 to put crypto-brand gasoline in their cars.
Paypal is one step ahead, because as we well know, in the United States, this year it has introduced support for Bitcoin. Letting us trade and pay with it in any trade. The funds are deducted from our Bitcoin deposit based on the value of the Bitcoin. The same will be done with Ethereum and other large-cap altcoins. Paypal plans to expand throughout Europe and meet the needs of all customers. In Eastern Europe there is a large mass of investors who save their savings in the form of cryptocurrencies.
Visa follows the steps. Its agreement with Binance and Blockfi to get credit cards that support transactions with cryptocurrencies can attract the attention of many buyers and make life easier for those who want to enter the cryptocurrency market but their banks hinder them when acquiring cryptocurrencies by Internet. At the moment it already allows some of these cards to carry out transactions in USD Coin.