Cathy Bessant, chief technical officer of Bank of America (BoA), has reiterated the bank’s stance on Bitcoin saying that cryptocurrencies are designed to be non-transparent.
In an interview with CNBC’s Squawk Box, Bessant said it’s important to differentiate the two major uses of cryptocurrencies. As a payment system, she thinks cryptocurrencies are troubling because the technology is “designed to be not transparent.”
Read More:
https://news.bitzamp.com/bank-of-america-cto-clarifies-stance-on-cryptocurrencies-calls-bitcoin-troubling/