Crypto Companies’ Banking Hardships: Breaking the Vicious Cycle

Crypto Companies’ Banking Hardships: Breaking the Vicious Cycle

Crypto companies are condemned for many of the practices they’ve had to adopt due to a lack of banking services.

There are plenty of reasons that crypto pundits will give when it comes to why cryptocurrency hasn’t been adopted yet: it’s too esoteric, too volatile, too unregulated.

The cryptocurrency industry is also seriously lacking in some fundamental services – namely, banking. Most banks have quite an unforgiving past when it comes to crypto.

As cryptocurrency grew more popular throughout 2017 and parts of 2018, a number of banks decided to bar their customers and employees from using their credit cards and other services to buy cryptocurrency or otherwise interact with crypto companies.