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2 Years Ago vs Today: Crypto Partnerships Are Infrastructure…

2 Years Ago vs Today: Crypto Partnerships Are Infrastructure…

In 2024, announcements pairing banks, payment companies and established financial institutions with digital asset firms frequently centered on experimentation, access or validation. A traditional institution was testing blockchain. A payments company was adding crypto capabilities. A digital asset company was gaining the credibility or distribution that came with an incumbent partner.

Those crypto-native assumptions are starting to break down, as underscored by the announcement by Circle of its acquisition of Tazapay on Tuesday (Sept. 8), with the all-stock transaction valued at $400 million. Tazapay brings more than $25 billion in annualized payment volume, more than 60 banking and FinTech partners and local payout rails spanning…

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