Morgan Stanley Says Bitcoin Is Close To Being A Currency: Report Today

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  • 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.