Summary
- It was reported that the US Fifth Third Bank is expanding its cryptocurrency business.
- It announced that it is providing cryptocurrency accounts and payroll services to corporate clients.
- It was reported that it is considering cross-border remittances using stablecoins and supporting cryptocurrency payments in the future.
According to Bloomberg on the 16th (local time), the large bank based in the US Midwest, Fifth Third Bancorp, has begun expanding its cryptocurrency-related business.
Previously, the regulatory environment was unclear, but with the Trump administration's industry-friendly policies, a re-entry opportunity for the industry has been created.
Fifth Third is currently providing cryptocurrency accounts, payroll, and revenue settlement services to corporate clients, and is considering developing cross-border remittances using stablecoins, supporting cryptocurrency payments, and developing custody and trading networks in the future.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
