Bank of America, one of the largest financial institutions in the United States, may be preparing to launch a Bitcoin-backed line of credit, according to recent information.
The data was disseminated by the Coin Bureau analysis portal through the X social network.
According to the aforementioned sources, the bank will be joining a fully growing trend: Bitcoin-backed loans, as reported by CriptoNoticias.
However, so far, No official announcement or press release from Bank of America Evidence that supports the existence of this financial product.
This information comes at a time when Bank of America is becoming more open to Bitcoin and the crypto sector. The bank recently began offering access to a Bitcoin ETF, with its strategists recommending allocating up to 4% of a portfolio to the cryptocurrency, indicating growing interest from institutional investors.
(Tag Translate)Banking and Insurance
