PayPal Crypto Head Advocates for Bank Involvement to Scale Stablecoins

BTCC / BTCC Square / Global Cryptocurrency /

Author:

Release Time:

2025-05-15 20:27:02

Jose Fernandez da Ponte, PayPal’s senior vice president of digital currencies, emphasized the necessity of traditional banks in the crypto ecosystem during Consensus 2025 in Toronto. "It might sound counterintuitive, but you do want the banks in this space," he stated, highlighting their critical role in custody solutions and fiat infrastructure for stablecoin adoption beyond crypto-native users.

Regulatory progress in the U.S. could soon enable this vision, with stablecoin legislation nearing approval. Such measures WOULD allow banks to participate directly in the digital asset market—a development Anthony Soohoo, chairman and CEO of an undisclosed firm, called "a big unlock" for the industry.

By:

Log in to Reply

JPMorgan CEO Jamie Dimon Warns of Potential U.S. Recession Despite Trade Progress

Articles on this site are sourced from public networks or curated by AI for informational purposes only and do not represent BTCC’s views. Original rights belong to the respective authors. For copyright concerns, please contact [email protected]. BTCC assumes no liability for the accuracy, timeliness, or completeness of this information, and disclaims all liability arising from reliance on such content. This content is for reference only and should not be taken as investment, legal, or commercial advice.