Which banks are ready to accept Bitcoin?


Politico published an article on Tuesday that revealed which banks are prepared to accept the cryptocurrency.

The report revealed that JPMorgan Chase, Barclays, UBS and HSBC are among those that are ready and willing to accept bitcoin for payment.

Additionally, Citigroup, Goldman Sachs, Bank of America, Morgan Stanley, U.S. Bank and UBS are among the banks that are actively looking into Bitcoin.

As Bitcoin becomes more mainstream, more and more banks are stepping up to support the digital currency.

Last year, JPMorgan Chase CEO Jamie Dimon said the bank has seen the digital cryptocurrency “revolutionize commerce,” and it will “continue to do so” as long as the Bitcoin economy continues to grow.

According to the article, there is a “growing consensus” among banks that they are ready for Bitcoin.

“We are more than ready for this.

We see it as a new way to move money and it is also a way to pay for things that we buy with fiat money,” Dimon told CNBC.

The news comes as the government is working to regulate Bitcoin.

Last week, the U.K. announced that it will begin to regulate bitcoin by next week.

As the digital cash is becoming more accepted, banks are seeing an increase in Bitcoin trading volume.

According to a report from CoinDesk, trading volume rose to $3.9 billion last week, while it was at $2.4 billion on Tuesday.