Cryptocurrency impacts the banking industry by making the following transactions more efficient:

• Payments
• Loans
• Securities
• Funding
• Clearing and Payment Systems
• Credit Systems
• Trade Finance
• Customer KYC and Fraud Prevention Such.

Banks are experiencing a growing need for custody services such as storage, maintenance, and protection of cryptocurrency assets. For providers of value-added services, entering the crypto asset custody market can be a lucrative business.