You have the power? Legacy Banks Aim High With New Crypto Offerings By Cointelegraph

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You have the power? Legacy Banks Aim High With New Crypto Offerings

Reports that legacy banks such as BNY Mellon (NYSE 🙂 and Deutsche Bank (DE 🙂 are becoming active in the cryptocurrency space, including through custodial services, should be good news for crypto investors. . Lost or misplaced private keys, after all, are a nightmare in the world of cryptocurrencies; Just remember the Welshman who lost 7,500 (BTC), worth about $ 400 million today, when he downloaded his PC hard drive, forgetting that it was the only private key deposit. Meanwhile, traditional banks are the custodians of society par excellence, so perhaps they can improve the crypto user experience with regard to private keys at the very least. Continue reading on Coin Telegraph

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