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Canadian Bank Considering Cryptocurrency Exchange After Online Casin
The Royal Bank of Canada (RBC) has claimed that it is considering a cryptocurrency exchange just a year after ruling a complete ban on crypto purchases with a credit card.
Cryptocurrencies like Bitcoin have exploded in recent years. News stories discussing the phenomenon are now an everyday experience with more and more people taking investing or using them.
The uses are almost endless for them right now. Companies across the world have been forced to roll out new measures to ensure they accept electronic currencies in the same way they’ll take cheques or credit card transfers.
Users in Canada have been particularly open to cryptocurrencies and have notably taken advantage of the system in the online casino industry. Many of the best Canadian online casinos accept cryptocurrencies since the upsurge. Industries like this has led to Canada’s largest bank rethinking the way it views cryptocurrencies.
A New Cryptocurrency Exchange
Now, the RBC has claimed that it is considering setting up a new cryptocurrency exchange following the success of the currencies in other industries.
It’s a major change in policy for the bank which has a total of $500 billion worth of assets. Just a year ago, the RBC banned the purchase of all cryptocurrencies using credit cards.
In practice, the scheme would allow users to access various e-commerce stores that have accepted cryptocurrencies as a form of exchange. It is viewed as a futureproof investment with the increasingly-digital economy we have today.
Nothing official has been announced as of yet. For now, online casino players who use cryptocurrencies will have to look elsewhere. However, this site will keep you updated on any changes with the latest news affecting Canadian online casino players.