According to foreign media, the rate of use of bitcoin in banks and financial institutions has risen to an average of 32 per cent. As more large agencies move towards integration, services are moving from pilot to wider application.
Institutional adoption continues to rise
It was reported that the acceptance of bitcoin by banks and financial institutions was increasing. The average adoption rate of 32 per cent reflects a more positive attitude towards encrypted assets in the traditional financial system than before.
Large institutions begin to integrate.
It was noted that several large banks and financial institutions had incorporated bitcoin-related competencies into their business processes. The direction of integration is focused mainly on hosting, transactions and customer services.
Market interest in proliferation speed
As more institutions enter, this change is seen as a sign of the further entry of bitcoin into the mainstream financial system. The follow-up market will remain concerned about whether the rate of adoption continues to expand and which agencies will take the lead in following up.