cryptofamily

Brian Moynihan said that US banks have generally avoided using cryptocurrency for retail transactions, although their trading and asset management units have participated in trading Bitcoin ETF units.

Moynihan said that President Donald Trump’s enthusiasm for digital currencies could change the banking market’s approach to crypto payments.

Cryptocurrency transactions will simply be considered another type of payment along with credit cards, debit cards and Apple Pay, the head of Bank of America explained.

Earlier, OKX crypto exchange president Hong Fang said that changes in the presidential administration’s policy on cryptocurrency regulation could allow the banking system, especially tier-one banks, to work with digital assets and create new financial products based on them.

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