Home Cryptocurrency Bank of America Says Ethereum Blockchain Upgrade May Lead to Greater Institutional Adoption of Ether

Bank of America Says Ethereum Blockchain Upgrade May Lead to Greater Institutional Adoption of Ether

by SuperiorInvest

A decentralized insurance protocol like Nexus Mutual needs to generate a return on its reserves to become a viable alternative to traditional insurance companies, the bank said. Insurers routinely invest their reserves in corporate and government debt, but instruments with similar risk and return characteristics are difficult to find in the digital asset ecosystem. Ethereum staking may be the closest alternative, he added.

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