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Bank of America (BAC) said in a research note on Monday that artificial intelligence (AI) technology has the potential to improve the efficiency of banks, but it also poses risks.

Bank of America (BAC) said in a report on Monday that it is unlikely to launch a U.S. CBDC in the short term, Gold Finance reported.

Odaily Planet Daily News Bank of America (BAC) said in a research report on Thursday that the launch of PayPal's stablecoin PYUSD will increase payment efficiency and improve customer experience, but its adoption is unlikely to have a significant impact in the short term. Bank of America analysts Alkesh Shah and Andrew Moss wrote, “In the longer term, we expect PYUSD to face more adoption headwinds as competition from central bank digital currencies (CBDCs) and yielding stablecoins intensifies.” Analysts pointed out, "When interest rates are close to zero, investors may well hold non-yielding stablecoins, such as USDT and USDC; but as short-term interest rates exceed 5%, yield-generating stablecoins may change. It’s getting more and more attractive.” The report added that PYUSD may target a different market that has been largely untapped until now, “blockchain technology-enabled asset transfers, payments and remittances.” (CoinDesk)

Jinse Finance reported that Bank of America (BAC) stated in a research report that the launch of PayPal's stablecoin PYUSD will increase payment efficiency and improve customer experience, but the adoption of cryptocurrencies is unlikely to have a significant impact in the short term. “Investors may do well to hold non-yielding stablecoins like Tether (USDT) and USD Coin (USDC) when interest rates are close to zero, but with short-term interest rates above 5%, Yield-generating stablecoins are likely to become more plentiful and attractive.” The report added that PYUSD may target a different market that has been largely untapped until now, “blockchain technology-enabled asset transfers, payments and remittances.”

Jinse Finance reported that Bank of America (BAC) said in a research report on Thursday that tokenization is just one application of blockchain technology, but it can change financial and non-financial infrastructure and infrastructure in the next 5 to 15 years. An application of financial markets. Bank of America notes that it took 30 years for disruptive technologies like radio, television and email to reach mainstream adoption. It expects a much shorter lag period for digital assets. As the opportunity cost of unearned efficiencies increases, the implementation of blockchain technology will accelerate across financial institutions and enterprises.

According to PANews news on June 19, according to CoinDesk, Bank of America (BAC) said in a research report on Friday that the rally in risky assets continued, but since the beginning of May, the performance of digital assets has lagged Nasdaq. The Daq stock index has risen 24% after rising 52% at the beginning of the year. “Digital asset sentiment remains subdued as regulatory uncertainty created by SEC enforcement actions weighs on token prices,” analysts Alkesh Shah and Andrew Moss wrote. Excessive focus on regulatory headwinds, the approval of bitcoin spot ETFs in the U.S., and illicit activities has "cast a shadow over the rapid development and integration of distributed ledger and blockchain technology infrastructure," Bank of America said. "In particular, private permissioned distributed ledgers and blockchain subnetworks," which enable the tokenization of traditional financial assets, predict that blockchain infrastructure and tokenization will "over the next five to 10 years," the report added. Transform financial and non-financial infrastructure and markets".

Jinse Finance reported that Bank of America (BAC) said in a research report on Friday that the cryptocurrency market has limited upside in the short term. Analysts Alkesh Shah and Andrew Moss wrote that low market confidence, limited catalysts and outperformance year-to-date have kept the digital asset industry stuck in a trading range, while a challenging macro backdrop may limit digital asset upside. Conversations with clients suggest that hedge funds are returning to token trading, with momentum strategies likely benefiting in part from heightened volatility due to lower trading volumes, the bank said. The report added that traditional finance (TradFi) firms and technology firms continue to build blockchain applications, focusing on the tokenization of demand deposits, repo settlement and bond issuance.