Banks Are the Key to Crypto Adoption in the United States

Written by anti-danilevsky | Published 2020/08/16
Tech Story Tags: banks | finance-and-banking | crypto-mass-adoption | accessibility-and-mass-adoption | cryptocurrency | crypto | cryptocurrency-news | financial-services

TLDR National Banks and Federal Savings Associations “of all sizes” can provide cryptocurrency custody to customers. This is a massive step forward for Americans in the cryptocurrency space. Banks can hire knowledgeable workers to bring that information to their customers, educating the masses and bringing tons of money into the space. This isn’t to mention that crypto startups can start to thrive in the United States, given that they can finally open up business bank accounts - a limiting factor before this mandate was put into place.via the TL;DR App

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Written by anti-danilevsky | Founder & CEO at Kick Ecosystem. Crowdfunding & Blockchain evangelist since 2009
Published by HackerNoon on 2020/08/16