Crypto payments group Ripple, stablecoin company Circle and custodian BitGo have applied for national trust bank charters that will allow them to offer some banking services, while crypto exchange Kraken plans to launch bank cards in the next month. The moves underscore how crypto companies are seeking to broaden their activities from just offering digital asset services.
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Crypto companies race to secure banking foothold in US
“It’s a natural convergence,” Arjun Sethi, co-chief executive of Kraken, told the Financial Times, adding the company plans to launch debit and credit cards by roughly the end of the...
