Payment processors Mastercard and Visa say they have no plans to alter their crypto strategies despite delaying plans to forge new relationships in the industry, following the high-profile collapses of a number of prominent firms.

As reported by Reuters, the spectacular implosions of companies including FTX and BlockFi have led to the financial giants pumping the brakes on a number of crypto-related products and services. According to anonymous sources close to the matter, the delays will remain in place “until market conditions and the regulatory environment improve.”

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