According to the CEO, Bank of America, one of the largest financial institutions in the United States, plans to launch its own stability.
Bank of American CEO Brian Moynihan said in a new interview in Washington’s economic club that the law will start stability if the law is changed to change.
Moynihan says.
“It is clear that there will be stability.
If they make it legally, we will enter that business. ”
Laws in which financial institutions such as Bank of America can start Stablecoin are expected by US President Donald Trump, who took office in January.
Moynihan says Bank of America, who is in the US dollar, opens up many possibilities.
“The question of what it is useful will be interesting.”
He also emphasizes how the recent development of technology, including how Bank of America became the first US bank to provide a mobile banking app in the iPhone, he is doing business.
“It was unusual to have an app at that time. Everyone went to the website. So it took off. We now have 40 million consumers who have banks in digital ways now. ”
The bank also launched an artificial intelligence drive called ERICA in 2018.
According to Moynihan, about 90%of the interaction with banks last year was digital.
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