US Regulators Greelight Bank Crypto Trading as Revolut and Stripe Expand Digital Asset Services
Di US, Office of the Comptroller of the Currency (OCC) don give out guidance say national banks and federal savings associations fit offer crypto asset custody and execution services. Dis include buying and selling cryptocurrencies for customers. Dis rule make am clear say banks fit give dis work to third parties, as long as dem maintain strong risk management. People expect dis move to make more institutions accept cryptocurrencies and make traditional banks and crypto companies work closer together. Dis fit increase liquidity and make banks get bigger role for digital assets. Meanwhile, UK fintech company, Revolut, don dey prepare to start Bitcoin payments using Lightning Network for UK and some parts of Europe. Dem talk say dis go make transactions faster and cheaper. Stripe don also double di number of places dem support stablecoin accounts, now dem support USDC and USDB transactions for merchants for over 100 countries. Dis go make global cross-border payments better. Early Stripe partners, like Ramp, go use dis system for fast and cheap settlements. All dis together show say cryptocurrencies, stablecoins, and related payment networks don dey gain ground fast for global financial services, giving businesses and people worldwide more options and better efficiency.
Bullish
OCC wey endorse crypto services for national banks plus dem add join more for custody and execution, dis one go fit make plenti institutions accept am and make crypto market get more money flowing. Dis clear clear rule don make pipu no dey too fear and e encourage main financial pipu to join hand well for digital asset business. Wetin Revolut dey do to make pipu fit pay with Lightning Network and how Stripe don start stablecoin settlement for all over di world just show say crypto dey enter everyday payment and international trade more and more. Before, as dem make rules clear and make payment easy for crypto, pipu for market usually like am, and dis one fit make price go up, especially for di ones wey dey important for all dis tins (like BTC, USDC). For small time, traders fit expect more money enter and more trade, while for long time, dis steps don make di system strong and mature, and dis one go support good good future for di crypto wey concern.