The other day, Mr. G mentioned to everyone that he would post to help everyone understand better about how digital currency will become more sustainable and develop thanks to incredibly convenient applications in everyday life, not just in trading. But before he could, today there is WONDERFUL NEWS for coins:

💥 The U.S. Office of the Comptroller of the Currency (OCC) has officially allowed national banks and federal associations to provide digital asset custody services, including BTC and other coins.

💥💥💥 This is a historic decision because:

💥 Previously, only specialized crypto companies like Coinbase Custody, BitGo,... were allowed to provide custody services.

Now, large traditional banks such as JPMorgan, BNY Mellon, Citi, Bank of America... can also participate.

💥 Crypto is more officially recognized in the U.S. financial system.

💥 Strong increase in institutional capital:

Large funds, insurance companies, pension funds... which were previously hesitant due to storage risks, can now custody assets at large banks, making it safer => more likely to invest heavily in Bitcoin, ETH, Altcoins.

💥 Bank-standard custody will ensure insurance, safety, and much better hack prevention ---> Lowering systemic risk

💥 BTC and crypto prices will benefit in the long term:

---> The more institutions get involved, the higher the actual demand => the stronger the fundamental value of crypto.

--->>> The OCC opening up crypto custody mainstreams the entire market, marking a significant step towards the dream of crypto mass adoption (global crypto adoption).

💥 Writing long is not enough in one post, so in the next post, Mr. G will talk about the applications of crypto in everyday life in the near future!

--- Nice day ---$XRP