🔔 Bitcoin companies are becoming banks. 5 local Bitcoin companies have been conditionally approved to convert into national trust banks in the United States. 1. Circle → First National Digital Currency Bank 2. $Ripple → Ripple National Trust Bank 3. BitGo → National Trust Bank Charter 4. Paxos → National Trust Bank Charter 5. Fidelity Digital Assets → National Trust Bank Charter What does this mean: • $BTC Bitcoin is officially entering a regulated banking system. • Crypto firms are absorbing TradFi infrastructure. • Banks are transforming with #Bitcoin - not the other way around. First, they ignored it. Then they competed with it. Now they are becoming.