Fiserv, Block turn to crypto
Payment processing giants Fiserv, Stripe and Block stand to save money from their embrace of cryptocurrencies, according to consultants and analysts who follow the payments industry.
All three companies have announced ventures into digital assets in recent months.
While Block said it would help merchants accept Bitcoin, Fiserv and Stripe both plan to delve into stablecoins, which are cryptocurrencies pegged to the value of a fiat currency like the dollar. Those ties theoretically help them hold their value better than more volatile assets like Bitcoin or Dogecoin.
Stripe, for example, announced last week that it was launching a platform to let customers pay for subscriptions with…
