- Morgan Stanley has reportedly said bitcoin has reached an important milestone in being widely used as a currency.
- Strike integrating with the BlackHawk network allows bitcoin to enter the physical locations of shops and restaurants which still make up 85% of U.S. transactions.
- Low transaction costs and merchant adoption will likely lead to less volatility in the chosen asset over time, Morgan Stanley reportedly stated.
Morgan Stanley, one of the largest global banks in the world, recently stated that bitcoin has reached an important milestone to be more widely used as a currency, according to a report from CoinDesk.
The report states that Strike, a fintech payment processor for the Bitcoin Lightning Network, integrating with BlackHawk Network, the largest payment processor in the world, paves the way for bitcoin to cement itself as a medium of exchange.
Morgan Stanley reportedly said that the “evolution of bitcoin usage as a medium of payment” will be fueled by the ability of consumers to choose paying with BTC through Lightning in physical locations, rather than only being able to use the peer-to-peer (P2P) currency online.
The banking giant further explained that sending small payments is more practical with Lightning than wit