Banks are seemingly preparing for a bitcoin world where digital currencies – whether central bank ones, private market issued, or cryptos – become ubiquitous.
The announcement by JP Morgan that they are opening access to five crypto products for ‘retail’ wealthy investors has courted much attention, but it’s just one infrastructure development paving the way for a merger of sorts between the traditional and the new digital financial system.
“In 2-3 years’ time, things will have changed and most banks, including Starling, will be gearing up to do very interesting things in these [crypto] areas,” says Anne Boden, the CEO of British fintech start-up Starling.
The timeframe of 2-3 years is interesting because it is fairly short term and where monolithic corporations are concerned, it is practically around the corner.
[Banks Prepare For Bitcoin Adoption](https://www.trustnodes.com/2021/07/25/banks-prepare-for-bitcoin-adoption)