American Bankers Association Report Suggests Banks Partner With Crypto Firms

Savannah Fortis

Tue, Aug 3, 2021, 10:05 AM1 min read

BeInCrypto –

A new report from the American Bankers Association (ABA) recommends banks partner with crypto firms. The report cites both an increase in profitability of the crypto space and rising client interest as reasons.

In a detailed 20-page report, the ABA reveals an in-depth outline of the crypto space, which includes a glossary of terms and current crypto business trends which line up with bank services and products. The report goes as far to provide banks with revenue earning use cases and the hot topic regulatory issues for each.

According to the breakdown from the report, crypto assets fall under four categories: cryptocurrencies, stablecoin, central bank digital currencies (CBDC), and non-fungible tokens (NFTs). The report also touches on DeFi.

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