The evolving crypto landscape has made significant noise from a payments and investment viewpoint. What was once a hobby for retail investors has now become adopted by global powerhouses such as Goldman Sachs, JP Morgan, PayPal, Square, etc. But the industry’s meteoric rise has outpaced regulators, tax management, and payments infrastructure. In 2022, regulators are primed to try to catch up with new policies that will permanently alter the crypto landscape, while tax solution firms and payments players will race to meet demand for crypto services regardless of what regulators enact. Firms will be scrambling to bolster their technological capabilities and customer-facing products with both acquisitions and in-house developments in order to create the best user experience while accounting for operational complications posed by crypto payments in the hopes of carving out a piece of the lucrative market for years to come.
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