Bank of America CEO says financial industry will jump into crypto payments if regulators allow it
1. Bank of America CEO supports cryptocurrencies for payments under regulatory approval. 2. Moynihan believes banks will embrace crypto if clear rules are established. 3. The banking sector currently avoids retail crypto transactions but engages in institutional trades. 4. Moynihan acknowledges Bank of America's blockchain patents and readiness for crypto. 5. He separates the discussion of crypto as a payment method from its investment value.