Bank of America: Consumer Interest in Crypto Remains Strong
Bank of America’s new report explains that “despite the sharp correction in crypto valuations, consumer interest in the sector remains strong.” The report, which includes the bank’s new crypto survey, also shows “growing interest” in cryptocurrency’s use as a means of payment. Bank of America’s Inaugural Crypto Survey Bank of America Global Research published a report Monday highlighting the results of its “inaugural crypto/digital asset survey,” which took place early this month. Out of 1,013 survey respondents who....
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The bear market is making things difficult for most stakeholders in the crypto industry, but a recent survey by the Bank of America shows that despite the pain, people’s interest in crypto and digital assets remains high. On Tuesday, Bank of America Global Research released a study detailing the findings of their “inaugural crypto/digital asset […]
Bank of America Corp. has assembled a new team of experts to study cryptocurrencies, led by Alkesh Shah. Bank Of America Puts Together Crypto Team According to a report from Bloomberg on Thursday, Bank of America has formed a cryptocurrency research team in an attempt to profit on the growing interest in the digital asset […]
Blockchain technology, the protocol that underlies Bitcoin, could one day change how consumer card payments are verified. A recent Bank of America Merchant Services report has touched upon the subject of Bitcoin as one of the disruptersin the payment processing ecosystem. Quite an interesting announcement, considering the plan is to expand Bank of America Merchant Services to Europe later this year. The primary goal for of any merchant services provider is to come up with new ways to make e-commerce more appealing to both consumer and business. This is one of the areas Bank of America....
A new Bank of America survey shows that out of more than 1,000 U.S. adults, 90% plan to buy crypto in the next six months. Moreover, nearly 40% of respondents revealed that they use cryptocurrency as a means of payment.
Bank of America’s Crypto Survey
Bank of America (BOA) analyst Jason Kupferberg shared his crypto outlook in an interview with CNBC Monday. He was asked about a recent Bank of America survey that showed sustained interest in cryptocurrencies.
The analyst explained that the survey was conducted early this month, which was after the collapse of....
Bank of America has become the latest major bank to make a foray into the cryptocurrency sector. According to an internal memo, the bank has created a team dedicated to researching cryptocurrencies. Bank of America believes that it is “uniquely positioned to provide thought leadership” on cryptocurrencies and the technology behind them. Bank of America (BOFA) has created a new team dedicated to researching cryptocurrencies, according to an internal memo seen by Bloomberg. A spokeswoman for the bank confirmed the contents of the memo. The new crypto team will be led by Alkesh....