US bank, US credit card to offer 1 million US bank accounts

Transactions

By Reuters|Posted April 06, 2020 06:15:33The US Federal Reserve Board has announced plans to allow banks to accept cryptocurrency as payment, making it the first nation to offer it to consumers.

In a move likely to upset some bitcoin users who fear the move could drive up the price, the US central bank said in a statement that banks would no longer require customers to verify the legitimacy of their bitcoins before using the cryptocurrency to make payments.

In January, the Federal Reserve Bank of New York also announced plans that would allow banks in the US to accept bitcoin.

The move was hailed by some bitcoin advocates who fear a rise in price could cause a financial crisis for banks, who are the main investors in the virtual currency.

Bitcoin, the virtual cryptocurrency which has gained popularity as an alternative to traditional financial institutions, has surged in value in recent months, gaining more than 200 percent this year.

In February, US President Donald Trump called bitcoin “a very dangerous asset class”.

The move is expected to be a blow to the cryptocurrency’s popularity, with bitcoin prices reaching a record high in March.

However, bitcoin enthusiasts argue that a move by the central bank to allow the use of cryptocurrency is a step in the right direction.

“If banks are allowed to accept the crypto, it will lead to more people using cryptocurrencies and ultimately increase the demand for physical cash, which will help keep prices down,” said Andreas Antonopoulos, the founder of the popular bitcoin trading platform Coinbase.

“The only question now is how many people will use it, how much.”

The move by Fed is likely to further boost bitcoin prices, with the value of the currency currently hovering around $4,000 per coin, according to Coinbase.

But bitcoin enthusiasts have warned that the move is not the only way to bring down prices, as banks have already begun to accept cryptocurrencies.

The central bank will issue new rules on Friday to ensure that banks are compliant with the new rules.

western security bank

Related Posts

후원 혜택

Best Online Casino » Play Online Blackjack, Free Slots, Roulette : Boe Casino.You can play the favorite 21 Casino,1xBet,7Bit Casino and Trada Casino for online casino game here, win real money! When you start playing with boecasino today, online casino games get trading and offers. Visit our website for more information and how to get different cash awards through our online casino platform.바카라 사이트【 우리카지노가입쿠폰 】- 슈터카지노.슈터카지노 에 오신 것을 환영합니다. 100% 안전 검증 온라인 카지노 사이트를 사용하는 것이좋습니다. 우리추천,메리트카지노(더킹카지노),파라오카지노,퍼스트카지노,코인카지노,샌즈카지노(예스카지노),바카라,포커,슬롯머신,블랙잭, 등 설명서.우리카지노 - 【바카라사이트】카지노사이트인포,메리트카지노,샌즈카지노.바카라사이트인포는,2020년 최고의 우리카지노만추천합니다.카지노 바카라 007카지노,솔카지노,퍼스트카지노,코인카지노등 안전놀이터 먹튀없이 즐길수 있는카지노사이트인포에서 가입구폰 오링쿠폰 다양이벤트 진행.우리카지노 | Top 온라인 카지노사이트 추천 - 더킹오브딜러.바카라사이트쿠폰 정보안내 메리트카지노(더킹카지노),샌즈카지노,솔레어카지노,파라오카지노,퍼스트카지노,코인카지노.우리카지노 | TOP 카지노사이트 |[신규가입쿠폰] 바카라사이트 - 럭키카지노.바카라사이트,카지노사이트,우리카지노에서는 신규쿠폰,활동쿠폰,가입머니,꽁머니를홍보 일환으로 지급해드리고 있습니다. 믿을 수 있는 사이트만 소개하고 있어 온라인 카지노 바카라 게임을 즐기실 수 있습니다.