Adopting cryptocurrencies is gaining momentum. News on new companies planning to work with blockchain or with cryptocurrencies themselves are appearing day by day. It can also be seen on the growing number of banks becoming more and more interested in cryptocurrencies. According to the latest news, the largest bank of Canada is also about to join the club.

The Royal Bank of Canada, the country’s largest bank with assets worth over USD 900 billion, is reportedly beginning to work on the development of its own cryptocurrency exchange. It is evidenced also by the number of various patents the bank has applied for.

Of course, the cryptocurrency exchange is not the only step RBC is taking in this direction. Besides trading cryptocurrencies, RBC is also about to offer the possibility to manage portfolios or purchase cryptocurrencies for fiat currencies, whether online or directly in its branches. It is also about to enable its clients to hold cryptocurrencies on their bank accounts.

The Royal Bank of Canada is already using blockchain and is planning to capitalize on this technology even more. According to the bank’s CEO, Dave McKay, RBC is looking to tokenize a variety of assets and this is where blockchain should help them.

This is not the only news suggesting that banks are completely changing their rhetoric and attitude towards cryptocurrencies. JPMorgan, for example, has already created its own cryptocurrency, JPMCoin. Fictitious competition is currently taking place between central banks trying to create their own stablecoin. Who will be first? Will it be the central bank of China or Japan or will a European central bank come up with it as a surprise?