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Crypto banking refers to managing digital assets, i.e., cryptocurrency, at a financial technology firm or financial services provider.
Cryptocurrencies are becoming increasingly popular as the world transitions to a more digital society.
It is not a secret that cryptocurrency has been struggling to find its place in the world.
Square, which is known for its disruptive innovations in the field of finance and technology, has announced that it will be launching a new platform to support decentralized financial projects using Bitcoin.
Experts predict that cryptocurrency will soon overtake FIAT money as the preferred medium of exchange, possibly as early as 2030.
El Salvador’s congress voted to accept the cryptocurrency and won a supermajority of 62 out of 84 votes. Starting in September, El Salvador will soon have two official currencies: the United States dollar (USD) and bitcoin (BTC).