Wells Fargo, Morgan Stanley, Goldman Sachs, JPMorgan, Citibank and hundreds of other banks are already preparing their own products based on cryptocurrencies. Because it becomes increasingly difficult for them to compete with services such as Coinbase, which just today launched USDC deposits at 4% per annum, which is several times higher than bank rates.
When big banks openly start mass adoption, the media will immediately support it – just like they did during the technology boom in the late 90s.
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