One of Brazil’s largest banks, Bradesco, has said it has no current plans to enter the crypto industry. According to Bradesco CEO Octavio de Lazari Junior, the corporation is not interested in offering crypto services to its clients since the market for cryptocurrencies will be “extremely modest.” Bradesco Not To Provide Crypto Services In Future Several neobanks and traditional private banks are introducing cryptocurrency investing services as part of their portfolio to retain consumers utilizing their services. With more than 70 million clients and the second-largest financial strength in Brazil and Latin America, Bradesco is still not interested in the crypto sector. The CEO of Bradesco, Octavio de Lazari Junior, shared his thoughts on cryptocurrencies and how he expects the market for them to develop in the future. De Lazari Junior believes that the crypto sector is too small and has risky qualities for those who are considering investing in it. He said this about it: “Cryptocurrencies… are investments that are not tangible and are riskier, with people knowing about the risk they are taking and may want. For me, it will be a very small market.” The company does not currently have any plans to engage in the cryptocurrency sector, he added, but that might change in the future. Other Cryptocurrency Foundations According to the CEO of Bradesco, this was only one of three important cryptocurrency foundations for the bank. Altho...
