The New York Times

Banks tried to kill crypto and failed. Now they’re embracing it (slowly)

Banks tried to kill crypto and failed. Now they’re embracing it (slowly)

Digital payments technology is forcing the financial system to evolve. Banks feel their power waning and want to regain control.

  • November 01, 2021
  • min read

The New York Times

Banks tried to kill crypto and failed. Now they’re embracing it (slowly)

“Most people agree that in the future — it might be 10 or 20 or years or it might be sooner — effectively all assets are going to be in a digital format,” said Thomas Olsen, a partner at Bain & Company who advises financial firms on cryptocurrencies and other digital asset matters.

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