Bank of America Ready for crypto payment

PremiumcryptoHub

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This important initiative they have taken is incredible. He originally mentioned that while giving a speech at the World Economic conference, But if they implement it, maybe that could be a more important aspect. I think all the changes happening with Bitcoin, or crypto, these days are mainly because of Donald Trump. Everyone probably knows that the price of Bitcoin has increased significantly since he won the election.

Just like that, they are still taking various important steps. As you mentioned can be paid with bitcoin, we have heard a lot of news like this only in El Salvador because they pay with bitcoin there.

I saw this kind of news on Twitter a few days ago.

BIT-BENDER

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I love his approach, he did not advice banks to start investing in Crypto-currency although I don't think it's bad but I would rather people in influential position to stop giving financial advice.
He is advocating for the use of Crypto-currency in the purchase of goods and services, this is quite interesting and promotes freedom. Crypto-currency has come a long way and it's not time people start to use it more often.

Mate2237

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This will be nice to see if actually it is implemented and it will be a plus to crypto currency and it's followers because just imagine you going to eat and your paying with Bitcoin that will be nice and this is going to totally change the way the banking system operates because by this you don't necessarily need your physical cash to buy something again

I just pray that my Nigeria too start seeing these things that is taking place over there in the developed world so our our too can embrace Bitcoin with two hands opened because with the way things are going we are really getting behind

Zanab247

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I know he will surely bring all those things to reality before the end of his tenure, because he keep saying it wen he was campaign that he will make all the banks in the U.S to accept crypto payment, and his administration will also involve in crypto investment to boost the economy the past government couldn't do. Once all the banks in the U.S start accepting crypto payment all over the country, i guess it will open the eyes of many people in that country to know how to hodl crypto for long years before selling to make a good profits, which is the major target of the new administration of U.S

With what Donald Trump is bringing back to U.S, I guess it will create a lot of opportunities to their citizens and other countries citizens, that will make other governments to start making crypto legal in their countries to boost their economy that is about to collapse.

Charles-Tim

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Trump makes it possible. The new United States SEC has revoked Staff Accounting Bulletin (SAB) 121 which discouraged United States banks not to hold bitcoin and other cryptocurrencies. SAB 121 was rescinded some days ago.

Expect more banks in United States to become friendly with cryptocurrencies.

Eres1

newbie

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Bank of America CEO Brian moynihan has advocated for the adoption of crypto into the Bank system speaking at the world economic summit at Switzerland he said if you buy something from the store you can pay with your visa, master, debit card or even apply pay thesame thing can be applied to crypto like Bitcoin and other stable coins in paying

According to Brian what the banking system needs is the right regulations that is needed to adopt crypto currency especially Bitcoin into the banking industry because crypto currency is shaping the financial system quick
https://crypto.news/bank-of-america-ready-for-crypto-payments/

Topic: Bank of America Ready for crypto payment (Read 62 times)