“The Bitcoin Bank”, Says No to Bitcoin
Metropolitan Bank Ceases Cryptocurrency-Related International Wires
THIS DOESN'T LOOK GOOD!
"...Metropolitan Bank’s friendly attitudes towards cryptocurrency have played a role in its rapid growth. But the bank will probably lose traction with its move to shut down crypto-related services.
Metropolitan Bank Ceased Cryptocurrency-Related International WiresThe decision also puts the bank and the investment firms in a precarious position. Investors’ money will not be returned as U.S. funds are currently holding the capital when conducting business with the bank on behalf of their international clients. It also raises concerns that non-U.S.-based funds who exclusively manage international investors’ money via Metropolitan Bank will be forced to freeze or completely..."
There are many projects for open-decentralized marketplaces that will adopt cryptocurrencies as a payment method but they are all uncompleted.
All we can hope for is that the geniuses that brought us the blockchain technology keep up their hard work and get the job done as soon as possible.
Cryptocurrency will for sure replace FIAT money as we know it sooner or later, but with banks denying the option of exchange will surely delay the process to cryptocurrency global adoption.
Let's keep supporting CRYPTO.
HODL, HODL, HODL!
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