Wells Fargo News

Wells Fargo is a banking company that provides financial and insuring services in the United States, Canada and Puerto-Rico. Wells Fargo was founded by Henry Wells in 1852 and the main office of the company is currently headquartered in San Francisco. The company also provides the Well Fargo Online Banking service for managing finance via mobile devices. Wells Fargo’s Bitcoin and blockchain technologies involvement started in 2016, when Wells Fargo and an Australian bank signed an agreement on utilizing blockchain technology for a cotton shipment from the U.S. to China. It became the first shipment made with blockchain. However, in 2018, the company banned crypto purchases made with Wells Fargo’s issued cards.

Newsletter
Big banks continue to explore Bitcoin and cryptocurrency’s long-term value proposition after shunning the asset class for years.
Crypto Biz: Wall Street is marketing Bitcoin for us, Feb. 3–9
Sam Bourgi
2022-02-11T14:30:00+00:00
3134
News
The firm's global investment strategy team said it wasn't too early to invest in crypto, but clearing regulatory roadblocks would likely create "higher quality ...
Global crypto adoption could 'soon hit a hyper-inflection point': Wells Fargo report
Turner Wright
2022-02-07T20:15:00+00:00
16206
News
Juniper research report says cost savings for banks using blockchain tech could grow by 3,300% by 2030.
Wells Fargo partners with HSBC to settle FX transactions using blockchain
Prashant Jha
2021-12-14T13:35:39+00:00
6266
News
The platform gives crypto holders direct access to the mortgage investment market, which is currently controlled by banks and governments.
Bacon Protocol launches decentralized mortgage platform
Sam Bourgi
2021-09-28T13:00:00+01:00
14641
News
CEOs of major American banking institutions are heading to Washington to face legislators' questions about how they will aid a post-pandemic economic recovery.
Banks cautious about crypto ahead of COVID-19 testimony before US Senate
Helen Partz
2021-05-26T09:58:10+01:00
6840
News
The investment bank is ready to give crypto a chance, after declaring that it had matured and evolved of late.
Wells Fargo Investment Institute to onboard crypto clients by next month
Greg Thomson
2021-05-19T18:00:00+01:00
15592
News
Bitcoin made a swift 20% recovery from the weekend’s bloodbath, while American banks prepare to post major losses in their upcoming quarterly reports.
Bitcoin price climbs 20% overnight as US banks brace for 40% profit cut
Greg Thomson
2021-01-12T10:59:06+00:00
17122
News
“Cryptocurrency investing today is a bit like living in the early days of the 1850’s gold rush, which involved more speculating than investing.”
Wells Fargo report labels Bitcoin as speculative investment
Turner Wright
2020-12-08T20:40:00+00:00
12668

Follow us on Facebook