Post
Topic
Board Bitcoin Discussion
Re: CEO of Bank of America: “We Want a Cashless Society”
by
roosbit
on 05/07/2019, 10:49:34 UTC
https://finance.yahoo.com/news/bank-of-america-brian-moynihan-cashless-society-210717673.html

Is this a hint that BAC is looking at crypto as not a competition but rather both ecosystems can exist together? Your thoughts.
I wouldn't bank on this that the bank has the intention of going crypto in the good spirit of staying up to par with technology, honestly this is more of a business strategy to benefit itself themselves. And as a matter of fact going cashless can mean many things and not exclusive to crypto use .

BTW going digital means laying off some workers(employees) and  more money generation for the bank which is more of a win to the bank itself and a lose -win to us as friends and family or ourselves lose our jobs...unless the CEO sees crypto in their banking models.