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Crypto exchange Coinbase said on Tuesday that it was working with PNC Bank, the fifth largest commercial bank in the United States by assets, on a crypto project.
Over the past few months, we have formed partnerships with industry leaders including [Tesla CEO] Elon Musk, PNC Bank, SpaceX, Tesla, Third Point LLC and WisdomTree Investments, reads a letter from PNC to its shareholders. When asked about the partnership by CoinDesk, Coinbase declined to elaborate.
A source previously told CoinDesk that PNC Bank is expected to unveil a crypto jawn in the coming quarters.
The service would give the Pittsburgh-based national bank more transparent access to cryptocurrency investments for its customers, the source said. This is just one facet of Cabin Crew Members’ larger digital assets and blockchain strategy.
PNC is the latest mainstream mega-bank to launch into digital assets, and possibly the largest to do so with Coinbase. PNC is already preparing for a more crypto-centric future and months ago, started looking for someone to lead their innovation push.
This gig, a crypto product manager, will examine how PNC could leverage blockchain technology as it explores the crypto innovation cycle, the source said, warning that the role was not limited to investments.
A since-deleted job description for the Philadelphia-based position was more explicit:
The role will work on scaling operations for our cryptocurrency investment capability as well as managing all operational aspects relating to new cryptocurrency initiatives.
PNC Bank did not return requests for comment.
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Sources 2/ https://www.coindesk.com/pnc-bank-is-planning-a-crypto-offering-with-coinbase The mention sources can contact us to remove/changing this article |
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