US banking giant Morgan Stanley thinks that the use of crypto assets as a currency may become more widespread.
Morgan Stanley released a research report Thursday. The report highlighted crypto partnerships with physical stores, emphasizing that crypto assets could become widespread as a currency.
In the report, the bank highlighted the recent partnership of payment company Strike, which uses Lightning Network, with point-of-sale supplier NCR and payments company Blackhawk. It was emphasized that this partnership means that a large number of shops and restaurants in the USA will soon be able to accept Bitcoin payments.
Saying that more than 85% of sales in the US occur in physical stores, the bank considers such partnerships to be important in the “evolution of Bitcoin as a payment tool”. He also says that the cost of a Bitcoin transaction using the Lightning Network is close to zero, which means it’s more practical for making small payments using a debit card. The bank also stated that adopting this aspect of crypto will also help reduce volatility.
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