Wells Fargo, a huge traditional bank founded in 1852 to provide banking services, and mail delivery through the Pony Express, has recently come out stating that it does not allow its customers to purchase Bitcoin with their own funds.
Wells Fargo ‘Does Not Allow Transactions Involving Cryptocurrency.’
Wells Fargo’s decision diverges from other leading financial institutions, who are becoming increasingly pro-crypto technology. For example, Nasdaq CEO Adena Friedman believes in the value of cryptocurrencies and predicts that Bitcoin could be the “global currency of the future.”
The CME Group saw Bitcoin promise when it started exchanging Bitcoin futures contracts in December 2017.
On the other hand, after bashing Bitcoin for years, JPMorgan Chase CEO Jamie Dimon made a…