With cryptocurrency taking the world by storm, it is little surprise to hear that financial institutions such as banks are beginning to respond to this trend. In other words, the cryptofication of banks is officially in full swing.
American Banker surveyed one hundred and seventy-five top financial executives to better understand how many banks are taking this new currency seriously. This survey revealed that nearly forty percent of participants would likely be offering cryptocurrency services within the next year or two.
To put it simply: the higher-ups behind financial institutions are preparing to support cryptocurrency. This will allow the currency to have an even more significant role in the banking and financial industry.
