Crypto Payments Could Explode with Clear Rules, Says Bank of America CEO
Bank of America CEO Brian Moynihan believes cryptocurrency payments could revolutionize the banking sector, but only if clear regulations are established.
Speaking at the World Economic Forum, Moynihan noted that once regulations make crypto transactions feasible. Banks will adopt digital currencies aggressively. He highlighted the potential for crypto to complement traditional payment systems like Visa and Mastercard.
With President Trump’s pro-crypto stance, the industry expects regulatory easing. But banks remain cautious, awaiting clear guidelines before fully embracing retail crypto services.
Clever Robot News Desk 23th January 2025
