Banking Giant DBS Hails Bitcoin & Crypto As Brave New Frontier in Report on Futu

[TheCryptocurrencyPortal]

Banking Giant DBS Hails Bitcoin & Crypto As Brave New Frontier in Report on Future of Finance
Check out the discussion here: https://www.youtube.com/watch?v=e0zrLzBkWN8

DBS, the Singaporean banking giant, has just released an in-depth report on the buzz around Bitcoin, the future of cryptocurrency, and the impact of digital assets on traditional finance.

The 28 page report describes the growing demand for crypto assets and the advantages they offer in a digital world.

“Call it speculative, precautionary, or simply a part of portfolio diversification, digital currencies have captured the investor zeitgeist. Ever since central banks around the world embarked on unprecedented expansion of their balance sheets to combat the Covid-19 pandemic-related economic headwinds, interest in cryptocurrencies, along with gold, has resurged.”

Join in the discussion here: https://www.youtube.com/watch?v=e0zrLzBkWN8

[avikz]

It's good to see that more and more corporations are realizing the worth of cryptocurrencies. Along with it, I have read two very positive news about cryptos today.

1. IMF released a video on 24 August on Twitter explaining what cryptocurrency is and the video talks about cryptos in a positive light.

Tweet: https://twitter.com/IMFNews/status/1297640002604527621

2. A software company called "Snappa" converted 40% of their cash reserves into bitcoin.

Ref: https://news.bitcoin.com/corporate-crypto-reserve-status-software-firm-snappa-swaps-40-cash-reserves-for-bitcoin/

I mean, these are super positive news about the cryptos in general. I hope those who have lost money back in 2017, will be able to recover their losses shortly!

[Igor17Krik]

This is great news indeed. Of course, this is very valuable news, and I really hope it will have a positive impact on Bitcoin in the future. Many large companies have become more active in supporting Bitcoin, and this is very cool. We can only hope for the development of the entire cryptocurrency world.

[Harlot]

One thing is for sure companies don't really promote cryptocurrencies or Bitcoin not unless they have big plans on it on their own so I'm pretty sure they'll have some kind of big project after this. Remember how the CEO of JP Morgan said a lot of trash with regards to crypto but the minute they release their own JPM coin they became silent as they are involved with their own Blockchain based cryptocurrency? This is the same thing that is happening right now to big companies like this one where they will start giving praises and all that as they have a project in mind within the industry.