Once upon a time, crypto was called the wild west, an arid playground run by cowboys with wallets full of BTC and dreams of Lambos. Fast forward to 2025, and that rugged landscape’s been significantly tamed – but has retained its ability to consistently surprise. One of the more pleasant surprises to have surfaced in recent years has been the willingness of businesses once branded the enemy of crypto to support its infiltration into every payment systems.
Web2 giants – those familiar names powering your online life – are saddling up, bringing their muscle to the crypto corral. PayPal, Visa, Mastercard: they’re all cantering in, and it’s a genuine game-changer. Why? Because when these titans join the party, crypto stops being a fringe fantasy and starts feeling like something you’d actually use on the daily. They don’t often receive credit for their Damascene conversion, but plaudits are due for the web2 players who’ve come full circle.
Financial Players with Skin in the Game
Let’s start with the big guns. PayPal kicked things off in 2020, letting users buy, sell, and hold cryptos such as BTC and ETH. By 2024, they’d upped the ante, integrating stablecoin PYUSD and rolling it out to 430 million users worldwide. Visa’s not far behind; since 2021, they’ve settled over $2.5 billion in crypto-linked transactions. Mastercard, meanwhile, are pushing crypto debit cards and piloting blockchain payments. From a user perspective, it means that if you’re already on PayPal or swiping a Visa, crypto’s not a leap – it’s a sidestep. These giants are effectively turning “what’s a wallet?” into “oh, I already have that.”
Neo-banks, the cool kids bridging old money and new, are also doing a lot of the heavy lifting here. Take Crypto.com, over 80 million users strong and with billboards at seemingly every major sporting event. Great name, globally recognizable brand. They’ve just added PayPal as a payment method, letting you fund your crypto buys straight from your PayPal balance.
This means no interminable transfers, no extra apps: just seamless integration into a platform you already trust. It’s like adding crypto to your financial toolbox without needing a manual. Neo-banks like Crypto.com aren’t so much lowering crypto’s adoption curve as steam-rollering it till it’s pancake flat.
Don’t Forget the Partnerships Driving Adoption
Web3 projects love a good partnership announcement, and in collaborating with web2’s major players, they’ve inked deals that are more than mere vapor. PayPal and Visa teamed up last year to streamline crypto payouts – think freelancers getting paid in USDC via Visa Direct. Mastercard’s collab with wallet providers like MetaMask and Trust Wallet, meanwhile, let users top up cards with crypto in seconds.
Then there’s Mercuryo, the rising fintech star, partnering with web3 heavyweights like Polygon and now powering euro crypto cards with Mastercard. These tie-ups aren’t just headlines; they’re highways, paving the way for crypto to flow into everyday life. Whether you position it as a web2 player streamlining access to web3 or vice-versa, the upshot is that Mercuryo and other payment providers are now mainstays for much of the money that flows between the on- and off-chain worlds 24/7.
Why Now?
What’s fueling this fire in web2 giants? They’re not entering web3 out of FOMO – they’re smarter than that. Rather, their decision to support the cryptoconomy rather than sit it out on the sidelines