RATE Group | Wells Fargo Co-Signs Cryptocurrencies With New Digital Cash Product
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Wells Fargo Co-Signs Cryptocurrencies With New Digital Cash Product

28 Sep Wells Fargo Co-Signs Cryptocurrencies With New Digital Cash Product

Posted at 07:19h in Cryptocurrency News by

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Wells Fargo is the latest bank to jump into the cryptocurrency space with the launch of its stablecoin product, dubbed Wells Fargo Digital Cash. The tokenized dollar will allow users to move money internally across the firm’s global network in “near real-time.” Banks have taken a general “no new friends” stance on decentralized cryptocurrencies and warned against the alleged dangers of operating outside the control of a fiat-based financial system. Are banks starting to understand that…

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