The next time you go into your bank for a loan, don’t be surprised if your bank manager starts discussing the best crypto presales.
Banks have officially been given the green light to offer crypto services, thanks to Interpretive Letter 1183 (IL 1183) issued by the Office of the Comptroller of the Currency (OCC).
This decision revives a 2020 regulatory letter that the Biden administration had chosen to ignore and provides banks with some long-awaited clarity for crypto-related activities.
Here are the TL;TR key takeaways from IL 1183:
- Banks can offer crypto services such as custody, trading, and settlement, provided they meet safety and compliance standards.
- Long constrained by regulation, the banking sector now has clear guidance on crypto participation.
- Banks still cannot own cryptocurrencies like Bitcoin due to restrictions from the OCC, Federal Reserve, and FDIC.
- Moving crypto into the banking system could reduce reliance on offshore exchanges and help prevent collapses like FTX and Celsius.
So, what does this mean for the crypto market, and does the move signal the modernization of banking, finally dragging the industry into the 21st century?
Could This Shift Bring New Investors to Crypto?
A Visa study found that 85% of crypto owners would be interested in buying crypto through their bank – and almost 40% of them would switch banks to ones offering crypto services.
However, half of crypto owners are under the age of 35, making it crucial for banks to appeal to younger customers while maintaining trust with older, more conservative investors.
With banks now being able to offer crypto in a regulated, secure environment, we could see crypto adoption accelerate.
The banking sector is notoriously old-fashioned and slow to change. So, don’t expect any expensive, glitzy TV commercials anytime soon, with smiling actors gushing about meme coins.
But a nice fringe benefit could be that it entices non-crypto owners to start looking at it with a fresh set of eyes. Inspired by these developments, just for a little while, let us play bank manager, sit behind our desk, and recommend a few of the best crypto presales to invest in right now.
1. Best Wallet Token ($BEST) – Get a Crypto Debit Card For Everyday Purchases
Imagine this: Your paycheck arrives in crypto. You can then use it to buy your groceries, pay for public transport, or shop online – just like your normal bank debit card. That’s exactly what investing in Best Wallet Token ($BEST) aims to deliver.
Best Wallet is launching a crypto debit card – Best Card – that’s fully compatible with Google Pay and Apple Pay, making crypto transactions as easy as swiping your phone.
$BEST token holders can enjoy up to 8% cashback on their card purchases, as well as low to no transaction fees. Best Wallet Token soon hopes to support over 60+ blockchains, so you can be sure that Best Wallet will support your favorite crypto coin.
The current $BEST token price is $0.024275, but the price is going up in just a few hours. So, now’s the time to lock that price in. Because the value of $BEST is only going to go up.
2. Meme Index ($MEMEX) – Invest In One Of Four Meme Coin Funds
Here’s the deal about meme coins – some explode overnight, while others crash and burn just as quickly. If you back the right coin, then you can reap the rewards. But back the wrong one? Then you’ll lose all your money.
This is where Meme Index ($MEMEX) – one of the other best altcoins on our radar – comes in.
$MEMEX offers token holders four different meme coin investment funds with varying rates of return. Each index is designed to spread risk across eight different meme coins.
You can choose between the Titan Index (relative stability in exchange for moderate returns with a collection of the top eight meme coins) all the way to the Frenzy Index (the potential for sky-high returns but also likely to cause a spike in your blood pressure)!
$MEMEX has consistently offered its presale buyers a fantastic staking APY, which right now stands at 574%.
It will also give its token holders voting and governance rights. Currently priced at $0.0166883, it’s projected to reach $0.891 by the end of next year. So, buying Meme Index could be a wise move.
3. Nollars Network ($NOLA) – Invest In a Layer-2 Blockchain Ecosystem
Scalability has always been crypto’s biggest hurdle – slow transactions, high fees, and congested networks have kept many potential users away. Enter Nollars Network ($NOLA), a Layer-2 blockchain designed to make crypto transactions faster, cheaper, and more efficient.
Think of it as a solution to the bottlenecks of Layer-1 chains, similar to what Solaxy’s L2 solution aims to do with Solana.
But Nollars Network isn’t stopping there. It’s also developing Noladex, a decentralized exchange, a blockchain explorer to track transactions, and an e-commerce solution for WhatsApp.
It has sold over 252K tokens so far and raised more than $126K. While it’s had a modest start, the long-term prospects for Nollars Network look very promising.
It has everything you need for fast transactions, trading meme coins, and DeFi growth. The only downside, though, is that there is no staking APY.
Invest Wisely; Crypto’s Future is Promising but Volatile
The future of finance is increasingly tied to blockchain and digital assets. With banks now authorized to offer crypto services, presales like these are positioned to benefit from growing mainstream adoption. But, as always, remember:
- Never commit funds you can’t afford to potentially lose.
- Always do your own research; never rely on hype.
- Make your own independent, well-informed decisions.
Crypto’s future is undeniably bright, but smart investing is the key to success. If you’re looking for the next 50x opportunity, presales like Best Wallet Token and Meme Index could be a solid starting point.
