JUST IN: 🇺🇸 Bank of America to launch USD-pegged crypto stablecoin if lawmakers pass legislation, CEO says.
"It's pretty clear there's going to be a stablecoin, which is going to be a fully dollar-backed... it's no different than a bank account."
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“No different than a bank account really. The question is what is it useful for” Government overreach that’s what it is useful for
Step 1: deposit your fiat in their account.
Step 2: they give you a digital receipt called BoACoin
Step 3: they control to whom you transfer it
No thanks
Each Jurisdiction will have its own approved Arcade, you give them your money, and they'll give you tokens to spend and gamble
It's Chuck E. Cheese 🧀 World
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How will these not be CBDC’s? Walks like a duck and quacks like a duck….its a duck
BAAAAAAAAAAHAHAHAHAHAHAHHA
Traditional banking meets crypto! This could be a game changer for mainstream adoption. But will BOA's stablecoin offer the same transparency as existing options? #CryptoNews #BankingRevolution