If Stripe and private equity firm Advent International acquired PayPal, it would become a historic deal for the fintech space.
But what would the deal mean for the growing use of blockchain-based payment rails?
"My view is that within the next few years, the majority of money will live and move on blockchain in one form or another," Polygon Labs' Global Head of Business Aishwary Gupta told The Block. "This kind of move simply speeds up the transition."
Stripe and Advent International have reportedly offered to acquire PayPal for $53 billion, according to Reuters. Both Stripe and PayPal have expanded their stablecoin initiatives in recent years.
Stripe is one of more than 140 companies, including Visa, Mastercard, and BlackRock, that have joined Open Standard to launch Open USD (OUSD).
