Bank of America / Merril Lynch has begun to cover Bitcoin, saying in a new research report that it could be useful in E-commerce and Money transfers, and has a clear potential for growth as a medium of exchange. Link to Research paper in comments.
PDF of research report from Bank of America Merril Lynch. "We believe that Bitcoin can be a major means of payment for e-commerce and may emerge as a serious competitor to traditional money transfer providers. As a medium of exchange, bitcoin has clear potential for growth, in our view."
[uncensored-r/Bitcoin] Bank of America admits in SEC Report that Bitcoin is a threat to the control of major banks
The following post by djkeithers is being replicated because some comments within the post(but not the post itself) have been silently removed. The original post can be found(in censored form) at this link: np.reddit.com/ Bitcoin/comments/7zoqyi The original post's content was as follows:
Bank of America, the country’s second largest bank, is the latest player to give bitcoin the thumbs down, joining JP Morgan Chase and Citigroup in seeking to distance itself from cryptocurrency However, the bank insists that lawful use of bitcoin is permitted—as long as the use complies with the bank’s terms and conditions. CitiBank: United States: See Bank of America: Capital One: United States: See Bank of America: Discover Bank: United States: See Bank of America. Bank of America: Bitcoin Will Be 'Serious Competitor' to Cash A new report from analysts at the bank suggest the digital cryptocurrency is on its way to becoming a major player in electronic payments. The Bank of America report comes as China’s digital yuan is attracting growing attention from top monetary economists and cryptocurrency-industry executives. Many bitcoin investors say the A new research note from Bank of America explores the investment implications of cryptocurrencies. Bank of America Report: Bitcoin's True Value 'Impossible to Assess' - CoinDesk News Videos Learn
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