Post
Topic
Board Bitcoin Discussion
Re: Is Bank of America Scared ? Seems so
by
Rosscy
on 11/03/2018, 14:01:23 UTC
See
https://www.coindesk.com/bank-of-america-cryptocurrency-risk-factor-annual-report-10-k/

Seems that they are somewhat scared by the competition of crypto...


"In a passage about new competitors in the financial services industry, Bank of America expressed caution about how client preferences could lead them to use products like cryptocurrencies - for which, as it stands, the bank does not offer any support."..

Sounds like it..
Cheers
Any changes will certainly have pros and cons, with the presence of alternative currency like crypto, will certainly result in traditional finances such as fiat. The fear of Bank of America Scared certainly has a reason because in the United States and Canada, many stores and retailers have received Bitcoin as a method of payment.