According to a survey conducted by the US Federal Reserve, most of the country’s banks have transferred developments in the field of cryptocurrencies and blockchain to the status of “secondary tasks”.
Top finance managers of 80 major US banks participated in the survey. Of these, 56% said that blockchain products and crypto-currency services are now considered “low priority” or even “not significant” for business growth over the next two years. Only 27% of respondents noted that they see such services as “medium significant” or with “high priority”. However, within a five-year perspective, 40% of respondents named blockchain products as medium to high priority.
Some top managers of banks stressed that they are actively monitoring the situation in the cryptocurrency market and the mood among customers. And they will always “adapt” to these sentiments – if a significant part of customers need blockchain services or cryptocurrency trading, then banks will try to provide the appropriate services.
It is worth noting that the survey involved financial directors and heads of departments of banks that hold about 75% of the total reserve of the US banking system. Interestingly, of these, 46 organizations are purely American, and 34 are international.
Earlier, the US Department of the Treasury published a document stating that the digital currencies of the Central Bank will increase the stability of commercial banks.
