US banks allowed to hold cryptocurrency specifically for paying blockchain fees

The US banking regulator has announced that banks are now permitted to hold cryptocurrency not for investment purposes but solely to cover the network fees required for blockchain transactions. This marks a significant technical step enabling financial institutions to process transactions within digital networks.

Source Bitcoin Magazine

This decision paves the way for deeper integration of traditional financial institutions with crypto infrastructure, facilitating more streamlined and automated payment processes at a consumer level.

Looking ahead, it may lay the groundwork for broader adoption of digital assets in banking and foster the development of innovative payment solutions.