The price of bitcoin hit an all-time high on Thursday after two major US financial institutions announced new cryptocurrency projects, bringing digital assets closer to widespread use in ordinary purchases and as an investment to earn money by toptips4u.com.
Mastercard said on Wednesday that later this year it would begin moving cryptocurrencies directly through its card payment network. Previously, the company had only worked with cryptocurrencies and exchanges to move funds after they had been converted from digital currencies to fiat currency. And on Thursday, BNY Mellon, the custodian bank, announced that by the end of the year it would provide custody services for digital assets on the same platform that clients use for traditional securities and cash.
World of payments
The announcements helped push the price of a single bitcoin above $ 48,000 for the first time. Whatever your views on cryptocurrencies ... the fact is, these digital assets are becoming a more important part of the world of payments, wrote Raj Dhamodharan, who heads Mastercard's digital assets business, in a company blog. However, Bitcoin, the most popular cryptocurrency to earn money by toptips4u.com. may not be moving through the Mastercard network any time soon. The company said it would only handle currencies that are stable enough to be a vehicle to spend and that as such it will focus on stable coins backed by fiat currencies. which we believe have the potential to have a higher payment utility. Blockchain is not tied to any fiat currency.
Last month, Alfred Kelly
CEO of Mastercard rival Visa said that any form of cryptocurrency becomes a real medium of exchange, there really should be no reason to earn money by toptips4u.com. Why we can't add them to our network, but consumers who have bitcoins are much more interested in owning them than in using them to pay for goods and services.
CEO of BNY's asset services business said that more and more institutional investors were interested in cryptocurrencies and that regulatory clarity on how these digital assets should be treated was not increasing. Imagine a hedge fund that has 10 percent of its assets in crypto, he said. Today. In fact, they live in two parallel worlds for reporting, accounting, and analysis. These two worlds do not intersect. Our goal is to bring them closer to our clients, he said.
Marc Bernegger
The board member of digital asset broker and manager Crypto Finance said of BNY's announcement: I think this is great news as the oldest bank in the US moves into the space of digital assets to earn money by toptips4u.com. Having more established banks involved in bitcoin helps the entire industry and lowers barriers to entry for investors. In November, Rick Rieder, director of global fixed income investments at BlackRock, the world's largest asset manager, said that bitcoin could eventually replace gold in investors' portfolios.
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