$3,452.50 a Month in Passive "AI Equity Checks" Ends March 25

If you didn't know...AI companies stole your data to train their models. AI firms are now legally obligated to pay a handsome monthly fee to a few special companies, who then distribute these checks to everyday Americans like you. And all you have to do to join them is to make an investment as low as $10.

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

Murtuza Merchant
January 21, 2025

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? Dogecoin, Trump, Bonk Futures ETF Applications Filed

However, Moynihan’s comments do not suggest that Bank of America, or the banking sector as a whole, currently see cryptocurrency as an investment vehicle, but rather solely as a transactional tool.

Moynihan explained that if regulators establish a framework that enables secure and legitimate cryptocurrency transactions, traditional banks would likely become heavily involved in facilitating them.

He pointed out that these transactions could potentially operate in much the same way as existing payment systems.

The implication here is that crypto payments might become as commonplace as credit card transactions.

Bank of America, he further noted, has been actively researching blockchain technology, demonstrating their readiness to enter the space if and when regulations are approved.

This suggests a level of readiness, rather than a speculation or projection.

Moynihan drew a distinction between crypto’s use as a payment method and it’s possible uses as an investment, stating that these are separate concerns.

This is important because while banks have been very active in some crypto areas like Bitcoin (CRYPTO: BTC) ETFs, they have so far been resistant to the idea of everyday payments.

Read Next:

  • MicroStrategy Buys 11,000 Bitcoin, Total Holdings Reach 461,000 BTC

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