Is the crypto industry actually becoming centralized? How is it becoming centralized? Can we avoid such a thing? Read through this article to get your questions answered.
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Here is a short roadmap of how is the crypto industry becoming centralized.
CRYPTO EXCHANGES-PREPAID CC
We first have some exchanges partnering up with prepaid card companies such as the recent Mastercard-Binance partnership or another one like FTX and VISA.
PREPAID CC-BANKS
It is no surprise that companies like MasterCard have partnered up with Banks. According to CNBC Mastercard is looking forward to launching Crypto to the masses and making it easier for banks to be involved in Cryptocurrency.
Mastercard will act as a bridge between Banks and Paxos, a crypto trading platform that Paypal already uses, and the connection will be something like this
BIG COMPANIES ACCEPTING CRYPTO
Cryptocurrencies have been a profitable asset to invest in and big companies find this as a way to exploit such an opportunity to gain profit.
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WARNING: Everything said in this or any of my other articles is for pure entertainment. Suggestions are based on my research do not invest without doing YOUR OWN research I am not a financial advisor.
