#bank of america
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Widespread adoption of PayPal's stablecoin may take time
Despite advances in payment effectiveness and customer care, analysts Alkesh Shah and Andrew Moss from Bank of America think that PayPal USD (PYUSD) won't be widely adopted anytime soon.
They wrote, "Over the longer term, we expect PYUSD to experience additional adoption headwinds as competition from central bank digital currencies (CBDCs) and yield-bearing stablecoins increases." 
Bank of America: 2023 will be the year of utility tokens
According to the BoA's latest report (https://www.coindesk.com/markets/2023/02/28/2023-will-be-the-year-of-crypto-token-price-divergence-bank-of-america/), the market is expecting a significant divergence in token prices this year. Industry analysts believe that utility tokens will outperform governance and memecoins. 
Bank of America: crypto market downturns are “likely healthy for the ecosystem’s development over the long term”
Despite the market collapse and the general wariness caused by the expectation of the crypto winter, the crypto asset ecosystem remains attractive for investment. Such conclusions can be drawn based on the Bank of America report presented as part of the Web3 & Digital Assets Day Conference. 1 - 6 of 6 results