The bitcoin price hit a record high on Thursday after two major US financial institutions announced new cryptocurrency projects, edging digital assets closer to mainstream use in ordinary purchases and as an investment.
Mastercard said on Wednesday that later this year it would begin moving cryptocurrencies directly across its card payments network. Previously, the company had only worked with crypto wallets and exchanges to move funds after they had been converted from digital coins into fiat currency.
And on Thursday, BNY Mellon, the custody bank, announced that by the end of the year it would provide custody services for digital assets on the same platform that clients use for traditional securities and cash.
OLUWASOLA RUFUS Olabamiji 1 y
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