Banks launder way, way more money than cryptos
Blockchain website Cryptoslate, found that banks have laundered up to $2.7 billion a day, every day, for the past 24 months.
That amounts to around $1.97 trillion in two years!
Illicit funds making their way through crypto exchanges in the same two-year period totals around $88 million – nothing compared to banks.
So while some may be looking at cryptos as tools for bad guys, others are embracing them.
For example, in Ripple’s ‘Blockchain in Payments Report’, the crypto company said that, blockchain could be at the verge of reaching mass adoption this year.
The report looked at 700 global payment professionals in 22 countries.
And the report found that more organisations around the world want to adopt digital assets in their payment flows. Almost half said they were already producing, piloting or close to signing with a blockchain provider.