Government
Feb. 8, 2014
Banks tiptoe toward Bitcoin-related services
In order for Bitcoin to become a viable tool for mainstream use, companies that receive bitcoins as payment need to be able to exchange them for other currencies, which is difficult without access to bank accounts.
Daily Journal Staff Writer
The banking community met the Bitcoin phenomenon with a heavy dose of skepticism when the digital currency first burst onto the scene. But as bitcoins have become more mainstream, major players such as Bank of America Corp. and Wells Fargo & Co. have recently shown interest in the controversial financial device, indicating that the skepticism may be thawing.
Last month, Wells Fargo hosted speakin...
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