The US cryptocurrency economy stands on the brink of significant transformation with the onset of Donald Trump’s second term. Brian Moynihan, CEO of Bank of America, suggests that a major reform could occur within the US financial system, allowing cryptocurrency payments to integrate into the banking sector.

The Role of Cryptocurrency Payments in Banking

Despite the Trump administration’s silence on cryptocurrencies during the inauguration, the crypto community remains hopeful for potential policy announcements. If the Trump administration approves cryptocurrency payments for banks, it may trigger substantial changes in the US financial framework.

In an interview, Moynihan expressed that US banks would adopt cryptocurrency payments if regulators permit. He characterized cryptocurrencies as just another payment method, comparable to Visa or debit cards.

“You can go out and grab lunch, paying with Visa, Mastercard, debit cards, Apple Pay, etc. This would simply be another form of payment. We already have hundreds of patents on blockchain; we know how to enter this space.” — Brian Moynihan

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