Visa and Mastercard have chosen to abandon their attempts to form new alliances with companies that deal in digital assets.
The decision was made after two significant crypto companies, FTX and BlockFi, declared bankruptcy, shocking the whole sector.
The industry leaders in payments have delayed the introduction of some products and services associated with cryptocurrencies until the market and regulatory circumstances are more favorable.
Once ready to surf the crypto wave, Visa and Mastercard today find themselves navigating turbulent waters.