2 years ago says Bank of America will not be joining the Bitcoin Business, Its chief of operations and tech officer says safe markets are transparent and the cryptocurrency market is far from transparent.

Question : is bank of america in the bitcoin business?

Karen Bessant (chief operations and Tech Officer, Bank of America) says Absolutely not. Here's the way we think about this. There are two different concepts to separate here: Digital currency.

We've had digital currency for years and years. A wire transfer is the movement of money digitally. Those are established they are regulated the practices around them are transparent we know who is the sender and who is the receiver of everything we send. Anonymous currency is a whole different thing and the idea around bitcoin is to ensure that the sender and receiver are unknown and that by definition flies in the face of everything the financial system does to protect not only U.S. citizens but the world. All day long will drive for the digital movement of money. It's efficient and we've already talked about it's protection. But anonymous currency flies in the face of every construct known to transparency in the movement of money and how we use it to prevent and detect other really important forms of crime.

Bank of America is treating Bitcoin, Ether as "cash" will let you purchase crypto with credit cards

And now Bank of America has just updated there bitcoin and cryptocurrency policy for July 2020 plus what are the risk of DeFi Ethereum lending according to Andreas Antonopoulos. If you bank with them you probably got letter. Its about their new type os transactions.

Enclosed is an amendment to your credit card agreement. The changes arr outlined below.

Types of Transactions

"The section titled Types of Transaction haa been revised to clarify that the cryptocurrency considered a Cash Equivalent treated aa a Cash advance".

We are adding a sentence to the section titled, Types of Transactions to clarify that we may allow certain types of transactions at our diacretion.

Well, that this recent Covid-19 outbreak has recently left a lot of people unemployed and reduction in salary, however making money online is a better alternative if you know your way around mostly when it comes to investing in cryptocurrency Bitcoin Trading precisely.

Algorand platform has recently attracted a lot of attention from institutions. One of these institution happens to be the bank of America.