Now the OCC has issued its most important guidance yet: an interpretative letter that gives banks the freedom to use public blockchains and stablecoins as settlements and payments infrastructure alongside existing standards like SWIFT and ACH. Interpretive Letter 1174 January 2021
Finally! Transacting money via banks shouldnt be taking so long and shouldnt be expensive. Makes perfect sense for banks to facilitate payments via blockchain tech as the crypto community said for years!
to use public blockchains and stablecoins as settlements and payments infrastructure alongside existing standards like SWIFT and ACH.
Interpretive Letter 1174
January 2021
https://www.occ.gov/news-issuances/news-releases/2021/nr-occ-2021-2a.pdf
Dont get dog shit in your shoes boys lmfao