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Bitcoin hits record as US financial giants embrace cryptocurrency
12 Feb, 2021 04:22 AM
3 minutes to read
BNY Mellon said its aim was to collapse the divide between the treatment of traditional securities and digital assets. Photo / 123RF
BNY Mellon said its aim was to collapse the divide between the treatment of traditional securities and digital assets. Photo / 123RF
Financial Times
By: Robert Armstrong
The bitcoin price hit a record high on Thursday after two major US financial institutions announced new cryptocurrency projects, edging digital assets closer to mainstream use in ordinary purchases and as an investment.
Mastercard said
on Wednesday that later this year it would begin moving cryptocurrencies directly across its card payments network. Previously, the company had only worked with crypto wallets and exchanges to move funds after they had been converted from digital coins into fiat currency. ....

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