Crypto Firms May Look at Traditional Finance Firms as M&A Targets

Public blockchain networks, which were once an anathema to traditional financial institutions, are now an acceptable topic of conversation on Wall Street. According to analysts at Bank of America, the Solana blockchain could become the “Visa of the digital asset ecosystem.” In such a market, it doesn’t seem crazy to wonder if Visa itself, or another storied incumbent, could look to acquire or build influence over blockchains such as Solana to try to ward off a competitive threat from this new technology. In fact, Visa has been dipping its toes into the crypto ocean in areas such as stablecoins, NFTs (non-fungible tokens) and startup incubation.

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