"Bank of America": E-currency strong competitor threatens our business

by **Rocky** Sat 24 Feb 2018, 3:45 am

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Post n°1

"Bank of America": E-currency strong competitor threatens our business

by Rocky Sat 24 Feb 2018, 3:45 am

"Bank of America": E-currency strong competitor threatens our business

24 February 2018 02:41 ص
Direct: confirmed "Bank of America" that the financial services industry is very competitive and subject to severe disturbances , including electronic currencies, in reference to the threat of currency market on its digitization size.
The US bank said in its annual disclosure to the US Securities and Exchange Commission, Friday, that customers may wish to participate in businesses that fall under the speculative or may be as risky as the virtual currency.
Electronic currencies continue to see losses this week, with market value falling below $ 450 billion after recovering slightly last week and surging above $ 0.5 trillion.
This is the first time Bank of America has recognized that virtual currencies represent a "risk" element.
Bank of America added that this increased competition could have a negative impact on the bank's profits or affect their customers' desire to deal with them.
The bank said it posted a net profit of $ 2.4 billion in the fourth quarter of last year, but was lower than the $ 4.5 billion achieved in the same period in 2016.

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by **Neno** Sat 24 Feb 2018, 9:40 am

Neno

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Post n°2

Re: "Bank of America": E-currency strong competitor threatens our business

by Neno Sat 24 Feb 2018, 9:40 am

Now, what if you learned bank of america had applied for over 20 blockchain patents the past year plus, why, called loosing control. Now think if you had better learning on software to earn a better percentage opportunity than the Forex or even the stock market, yes they are scrambling to control but according to the SEC and FTC meeting last month it is here to stay and of coarse it is as you can not stop it. They may be able to regulate in ways but control....not happening IMHO so they got to figure out how to get involved and...they will.