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Fortune
Fortune
Leo Schwartz

The banking industry is turning its back on crypto, adding insult to injury for the reeling sector

(Credit: Art by Fortune)

As the crypto industry strives to create its own financial system, companies still rely on traditional banks for everything from on-ramps for customers to payroll to office expenses.

While many banks are skittish about crypto companies, just as they are for industries such as cannabis and pornography, several built their business models around working with the volatile sector.

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