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Standard Chartered Bank CEO Says Adoption Of Cryptocurrencies Is "Inevitable"
Summary: CEO of Standard Chartered Bank Bill Winters stated that he sees the adoption of cryptocurrencies as absolutely inevitable during Singapore's annual Fintech Festival this week. Winters added that Standard Chartered Bank is launching a crypto custody service in partnership with asset servicing provider Northern Trust supporting cryptocurrencies including Bitcoin, Bitcoin Cash and Ethereum. Winters also stated ...
CEO of Standard Chartered Bank Bill Winters stated that he sees the adoption of cryptocurrencies as absolutely inevitable during Singapore's annual Fintech Festival this week.
Winters added that Standard Chartered Bank is launching a crypto custody service in partnership with asset servicing provider Northern Trust supporting cryptocurrencies including Bitcoin, Bitcoin Cash and Ethereum. Winters also stated that he sees there being a role for both central bank digital currencies and non-central bank digital currencies.
He highlighted that the digital currency rollout would be led by both private and government-backed entities, adding that his bank will soon announce some news “along these lines.”
By Emily Mason
Tags: Bitcoin,Bitcoin Cash,CBDCs,Cryptocurrency,Ethereum,Standard Chartered Bank
Link: Standard Chartered Bank CEO Says Adoption Of Cryptocurrencies Is "Inevitable" [Copy]
