It’s funny… I was re-reading the Bitcoin white paper last week as it’s now ten years old.
Bitcoin’s founder Satoshi Nakamoto constantly refers to bitcoin as a way to avoid using a “trusted third-party,” like banks or financial institutions.
And yet it seems like all anyone can talk about right now is Wall Street adoption of crypto and banking bitcoin.
Just look at what happened in the last few weeks:
1. Coinbase is now a “qualified custodian” to hold cryptocurrencies in New York (the same designation given to banks that hold your money). (CoinDesk)
2. Mastercard filed a patent to launch a “fractional reserve” crypto bank. (CCN)
3. Bank of America filed a patent for a crypto storage system. (CCN)
3. Gemini announced full insurance for its exchange and custody service. (Block Explorer)
4. BitGo is approved as a qualified custodian to hold cryptocurrencies. (Bloomberg)
Bitcoin’s founder Satoshi Nakamoto constantly refers to bitcoin as a way to avoid using a “trusted third-party,” like banks or financial institutions.
And yet it seems like all anyone can talk about right now is Wall Street adoption of crypto and banking bitcoin.
Just look at what happened in the last few weeks:
1. Coinbase is now a “qualified custodian” to hold cryptocurrencies in New York (the same designation given to banks that hold your money). (CoinDesk)
2. Mastercard filed a patent to launch a “fractional reserve” crypto bank. (CCN)
3. Bank of America filed a patent for a crypto storage system. (CCN)
3. Gemini announced full insurance for its exchange and custody service. (Block Explorer)
4. BitGo is approved as a qualified custodian to hold cryptocurrencies. (Bloomberg)