BNY Mellon, the oldest bank in the USA, announced that it will offer Bitcoin transactions service to its customers. BNY Mellon has become one of the new companies that announced that it will step into the cryptocurrency market.
Bank of New York Mellon Corp (BNY Mellon), the oldest bank in the USA with a history of 237 years, announced that it will offer Bitcoin trading, holding and transfer services to its customers. "Digital assets are starting to become part of the mainstream," said Roman Regelman, who is in charge of the bank's asset management services. In addition, BNY Mellon announced that it is also working on a platform where cryptocurrencies are located together with treasury bonds and similar assets.
Earlier, Visa announced on February 3 that it would offer Bitcoin transaction services to its customers. MasterCard has announced that it has similar plans. Another payment giant, PayPal, announced last October that it will offer Bitcoin wallet service. Tesla also bought a significant amount of Bitcoin.
This increased institutional interest in cryptocurrencies are some of the important developments that cause the value of cryptocurrencies to increase. I think institutional investments in cryptocurrencies will increase more.
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