Wells Fargo Warming to Bitcoin

Posted date: January 29, 2014 In: QuickPress, Valuation/Appraisal

In the “good old days” before the crash of 2008, Wells Fargo generated $100 billion in mortgage revenue every quarter. Now, it makes barely half that. As the largest US bank by market cap, it’s now seeking alternative business and product lines to fill that unfathomable financial gap. Sources say that Wells Fargo is exploring the idea that the virtual currency, Bitcoin, might be the perfect revenue replacement source. Now under consideration is how Bitcoin-related services or banking arrangements might be offered to virtual currency entrepreneurs. For more information on this unique turn of events, visit zerohedge.com.

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The National Association of Certified Valuators and Analysts (NACVA) supports the users of business and intangible asset valuation services and financial forensic services, including damages determinations of all kinds and fraud detection and prevention, by training and certifying financial professionals in these disciplines.

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