{"id":180444,"date":"2021-02-17T14:36:03","date_gmt":"2021-02-17T11:36:03","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/banks-increasingly-interested-in-bitcoin-says-elliptic-co-founder\/"},"modified":"2021-02-17T14:36:03","modified_gmt":"2021-02-17T11:36:03","slug":"banks-increasingly-interested-in-bitcoin-says-elliptic-co-founder","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/banks-increasingly-interested-in-bitcoin-says-elliptic-co-founder\/","title":{"rendered":"# Banks increasingly interested in Bitcoin, says Elliptic co-founder"},"content":{"rendered":"

“# Banks increasingly interested in Bitcoin, says Elliptic co-founder <\/strong>”
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Global banking institutions have been expressing more interest in Bitcoin (BTC) as the cryptocurrency consistently breaks new all-time highs, according to a new report.<\/p>\n

Tom Robinson, co-founder of major British crypto firm Elliptic, told<\/a> The Telegraph Wednesday that his company saw a massive surge in Bitcoin-related inquiries from global banks.<\/p>\n

The executive noted a wave of Bitcoin-associated demand from United States-based banking institutions over the past two months. According to Robinson, several financial institutions in the U.S. \u201care seriously considering launching some type of cryptocurrency service.\u201d British banks were the most reserved in terms of the demand\u2019s uptick, the exec reportedly said.<\/p>\n

Founded in 2013, Elliptic provides crypto intelligence services to high-profile customers like government agencies and cryptocurrency exchanges. The company works with state authorities including the U.S. Federal Bureau of Investigation.<\/p>\n

Megan Prendergast Millard, managing director at the risk and compliance firm Guidepost Solutions, believes that the growing Bitcoin trend among traditional financial institutions is natural amid surging adoption. Prendergast Millard reportedly said that it was logical for banks to begin opening up to digital currencies in a similar way to crypto exchanges in order to keep millennials and Generation Z on board.<\/p>\n

\u201cFinancial institutions are looking to keep their customers and they need to think about who those people are,\u201d Prendergast Millard noted.<\/p>\n

The new report comes shortly after Bank of New York Mellon, the oldest bank in the U.S., announced plans to hold and trade Bitcoin and other cryptocurrencies as an asset manager on behalf of its clients. Roman Regelman, senior executive vice president and head of digital at BNY Mellon, believes that the full incorporation of digital assets into the traditional banking infrastructure will take another three to five years.<\/p>\n