Bitcoin Adoption Boom: Vast Bank Becomes First Federally Chartered U.S. Bank To Let Customers Buy And Sell BTC From Checking Accounts

The mass adoption of Bitcoin and crypto has been one of the main goals the crypto space has set. There have been a lot of moves made in this direction, and they continue now as well.

Bitcoin’s popularity has been growing massively, especially during the global crisis that kicked in last year.

BTC became a hedge against inflation and a safe haven for people.

Now, more moves are taking place in the crypto space that boost adoption.

Bitcoin Magazine writes the following:

“Customers at Vast Bank can now buy and sell Bitcoin directly from an FDIC-insured checking account, while its Bitcoin custody solutions include a mobile trading platform with instant settlement to its accounts.”

Here’s what Forbes has to add:

“Vast’s groundbreaking ability to buy, sell, and custody Bitcoin within the bank comes after it was approved by the Office of the Comptroller of the Currency (OCC) and the matter was discussed with the Federal Reserve.”

The Bank’s CEO Brad Scrivner implied in an interview with Forbes that a U.S. Bank is the best place to buy Bitcoin.

“We’re familiar with regulation, we’re going to do the right things, we’re going to do things to make sure the financial system is kept safe and sound.”

Bitcoin in the crypto market

Bitcoin rallied above $50k once again. At the moment of writing this article, BTC is trading in the green and the king coin is priced at $50,102.27.

There are all kinds of optimistic predictions about BTC these days.

Lots of the predictions are addressing the king coin, and the latest one regarding Bitcoin comes from Kraken’s Dan Held.

He just said that BTC is close to surpassing gold’s market cap.

This means, as you can see above that BTC will reach a price of $475k.

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An experienced finance writer for more than 10 years, active industry watcher, and gadget enthusiast.
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