Bank of America (BoA) has published a report saying cryptocurrency and nonfungible tokens (NFTs) are likely here to stay, Cointelegraph reported.
The BoA report said crypto’s $2.15 trillion market capitalization is too big to ignore and that the currency has evolved far beyond only bitcoin, according to Cointelegraph.
The BoA report says, per Cointelegraph, that digital currencies are “not about payments per se. They’re about a new computing paradigm — a programmable computer that is accessible everywhere and to anyone and owned by millions of people globally.”