Bank Of America CEO Signals Crypto Payment Acceptance, Pending Regulatory Green Light

Brian Moynihan, CEO of Bank of America (NYSE:BAC), on Tuesday indicated a willingness for the U.S. banking sector to fully incorporate cryptocurrencies into payment systems.

This comes with a crucial condition: clear regulatory approval.

What Happened: Speaking at the World Economic Forum, Moynihan responded to questions about the potential impact of President Donald Trump‘s positive views on digital currencies.

This suggests a significant shift in tone, as previously, many big banks had shied away from integrating crypto payments at the consumer level.

Also Read: Meme Coin Supercycle? …

Full story available on Benzinga.com

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