September 25, 2021

Banks increasingly interested in Bitcoin, says Elliptic co-founder

1200 aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDIvZjAzZmZmNTQtY2YzOS00ZDYwLTk0YzgtZTJkYzY0ZjlhMWQzLmpwZw

Global banking institutions have been expressing more interest in Bitcoin (BTC) as the cryptocurrency consistently breaks new all-time highs, according to a new report.

Tom Robinson, co-founder of major British crypto firm Elliptic, told The Telegraph Wednesday that his company saw a massive surge in Bitcoin-related inquiries from global banks.

The executive noted a wave of Bitcoin-associated demand from United States-based banking institutions over the past two months. According to Robinson, several financial institutions in the U.S. “are seriously considering launching some type of cryptocurrency service.” British banks were the most reserved in terms of the demand’s uptick, the exec reportedly said.

Founded in 2013, Elliptic provides crypto intelligence services to high-profile customers like government agencies and cryptocurrency exchanges. The company works with state authorities including the U.S. Federal Bureau of Investigation.

Megan Prendergast Millard, managing director at the risk and compliance firm Guidepost Solutions, believes that the growing Bitcoin trend among traditional financial institutions is natural amid surging adoption. PrendergastTitle: Banks increasingly interested in Bitcoin, says Elliptic co-founder
Sourced From: cointelegraph.com/news/banks-increasingly-interested-in-bitcoin-says-elliptic-co-founder
Published Date: Wed, 17 Feb 2021 11:36:03 +0000