Bank of America CEO Brian Moynihan has expressed that U.S. banks are ready to embrace cryptocurrency payments once clearer crypto regulations are established. Speaking at the World Economic Forum in Davos, he emphasized that, with the right regulatory framework, crypto transactions could become mainstream, alongside credit cards and other payment methods.
BoA has already secured numerous blockchain patents, showing its readiness for the crypto space, but slow regulatory progress has hindered further adoption. As the U.S. looks for clearer guidance, industry leaders await a clearer regulatory path for integrating crypto payments into traditional banking.