Regulators’ hesitancy about blockchain may be a thing of the past.

Scott Ellison, Senior Director, Corporate Strategy at PayPal, said at Bank Innovation Israel this week that regulators are increasingly seeing blockchain as adding transparency, not as a means for illicit behavior. The implications are clear: with regulatory blessing, we could see a more significant ramp up of blockchain technology within payments and financial services. Visa’s deal this week with blockchain player Epiphyte shows the industry is anxious to put the technology to the test.