Bank of America CEO: If regulators allow, the financial industry will vigorously enter the cryptocurrency payment field

Bank of America CEO Brian Moynihan stated in an interview with CNBC at the World Economic Forum (WEF) in Davos, Switzerland on Tuesday that if regulators allow, the US banking industry will accept cryptocurrency as a payment method.

As the head of the second largest bank in the United States, Moynihan was asked how the attitude of the banking industry towards cryptocurrencies might change in view of the enthusiasm of President Donald Trump for digital currencies. He replied, "If relevant rules are introduced and made something truly usable in business, you will find that the banking system will heavily intervene at the transaction level

If you walk down this street and go into a restaurant to buy lunch, and you can use payment methods such as Visa, Mastercard, debit cards, or Apple Pay, then cryptocurrency will only become another payment method, "Moynihan added," We already have hundreds of patents for memory blockchain and know how to enter this field

However, Moynihan He did not discuss the idea of cryptocurrencies such as Bitcoin as investment or value storage tools, stating that it is a 'completely different issue'.