🏦 Fifth Third Bank is making a strong entry into the crypto world!
After years of limited collaboration, Fifth Third Bancorp – one of the oldest American banks based in Nashville, Tennessee – has announced its readiness to expand into the digital currency sector, benefiting from an improved regulatory environment.
The bank has collaborated with crypto companies for 5 years, but has been cautious about making large investments.
Currently, it has clients in the crypto sector using its services for daily transactions such as payroll and income receipt.
The bank has a long history, dating back to 1858, and took its current form after a merger between Fifth National Bank and Third National Bank.
The message is clear: even traditional banks are starting to prepare for the future of digital currencies!
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