Cryptocurrency Reaches the Oldest Bank in the USA.
14.10.2022
4570
Journalist
Shostal Oleksandr
14.10.2022
4570
Cryptocurrency is Gaining Popularity
The popularity of cryptocurrency is increasing every day, and some experts even predict that classic money is becoming obsolete. Gradually, electronic currency is being accepted at the state level as well.
The oldest bank in the USA, BNY Mellon, is introducing cryptocurrency into some operations, but for now, the feature will not be available to all clients.
Cryptocurrency will be accepted for storage and exchange transactions. A unified database and platform will be created for both traditional and electronic currencies. To conduct such activities, BNY Mellon received special permission from the Department of Financial Services.
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