Bank of America CEO at Davos: Bank Will 'Come in Hard' on Crypto Payments If Regulators Allow

Jan 21, 2025, 02:53 PM

Bank of America CEO Brian Moynihan stated at the World Economic Forum in Davos that the $1.6 trillion bank is prepared to embrace cryptocurrencies, including Bitcoin, for payments if regulators allow it. He emphasized that the bank would "come in hard" to facilitate crypto transactions once government and regulatory approval is granted. Moynihan noted that Bank of America has patents on blockchain technology and understands how to enter the crypto space, highlighting the financial industry's readiness to adopt crypto payments pending a regulatory green light.