Bradesco, Brazil’s second largest bank with more than 70 million users, recently announced that they are not interested in entering the cryptocurrency industry.
While the Brazilian government is discussing cryptocurrency regulations, second largest bank in the country There have been remarkable comments about cryptocurrencies from Bradesco. Bradesco CEO Octavio de Lazari said in an interview that they think the cryptocurrency market is “too small” and that they will offer customers in the near future. that they are not interested in launching crypto services stated.
Many banks in Brazil and other Latin American countries while starting to offer crypto money services to increase their customer potentialIt was noteworthy that Bradesco did not share the same opinion. Cryptocurrency market small in volume and yet dangerous for investors The CEO made the following statements:
Cryptocurrencies are intangible investments that investors take risks. This is still a very small market for us to invest in.
Although Lazari does not intend to enter the cryptocurrency market in the near future, stated that these ideas are not permanent and may change.. However, if their clients make a request to invest in cryptocurrencies these days, they do so with their subsidiaries. agora announced that they could afford it through
The bank official, who does not consider integration on cryptocurrencies, also innovative technology such as blockchain. stated that they will not stop using it. In the continuation of the description, regarding the subject CBDCStating that Bradesco Bank is also involved in the studies on the ‘s, the CEO said, combining bonds and blockchain technology He added that it can have functional results.