PostFinance
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#PostFinance , Switzerland's fifth-largest bank, is set to embrace the future by launching $BTC trading and custody services on February 21, 2024. This move marks a significant step in the integration of traditional banking with the burgeoning world of cryptocurrency. As the financial landscape continues to evolve, PostFinance's foray into #Bitcoin signals a growing acceptance of digital assets within the mainstream banking sector, providing customers with new avenues to explore and invest in the world of #cryptocurrencies.
#Write2Earn #TrendingTopic
#Write2Earn #TrendingTopic
Swiss Public Bank PostFinance Leads Way In Crypto Adoption
The fifth-largest financial services company in Switzerland, PostFinance, has revealed that it would collaborate with Sygnum Bank, a licensed supplier of digital asset services, to give its 2.5 million clients access to cryptocurrencies.
The collaboration will make it possible for #PostFinance users to purchase, store, and exchange popular #Cryptocurrencies like #bitcoin and ether, with ambitions to eventually include more digital assets.
Inflows from Swiss retail #banks into the digital asset class were a contributing factor in PostFinance's decision to offer bitcoin services. By providing crypto services and generating a new revenue stream, PostFinance intends to keep its customers. Fritz Jost, Chief B2B Officer of Sygnum Bank, stated that PostFinance:
"Got aware of a large figure in the hundreds of millions each year of outflows to crypto exchanges and the like."
Switzerland has welcomed the cryptocurrency business more than other nations, such as the United States, where there appears to be a determined campaign to banish cryptocurrencies. A variety of organizations, including Cantonal banks and private banks, are served by Sygnum Bank, which received a banking license from Swiss regulators four years ago.
Philipp Merkt, the chief investment officer at PostFinance, stated that:
"Digital assets have become an integral part of the financial world, and our customers want access to this market at PostFinance, their trusted principal bank."
He then added:
"A reputable and established partner like Sygnum Bank with an excellent service offering is more important than ever."
PostFinance hasn't made up its mind on which cryptos it will offer, though a wide variety will undoubtedly be made available.
This news is republished from https://coinaquarium.io/
The collaboration will make it possible for #PostFinance users to purchase, store, and exchange popular #Cryptocurrencies like #bitcoin and ether, with ambitions to eventually include more digital assets.
Inflows from Swiss retail #banks into the digital asset class were a contributing factor in PostFinance's decision to offer bitcoin services. By providing crypto services and generating a new revenue stream, PostFinance intends to keep its customers. Fritz Jost, Chief B2B Officer of Sygnum Bank, stated that PostFinance:
"Got aware of a large figure in the hundreds of millions each year of outflows to crypto exchanges and the like."
Switzerland has welcomed the cryptocurrency business more than other nations, such as the United States, where there appears to be a determined campaign to banish cryptocurrencies. A variety of organizations, including Cantonal banks and private banks, are served by Sygnum Bank, which received a banking license from Swiss regulators four years ago.
Philipp Merkt, the chief investment officer at PostFinance, stated that:
"Digital assets have become an integral part of the financial world, and our customers want access to this market at PostFinance, their trusted principal bank."
He then added:
"A reputable and established partner like Sygnum Bank with an excellent service offering is more important than ever."
PostFinance hasn't made up its mind on which cryptos it will offer, though a wide variety will undoubtedly be made available.
This news is republished from https://coinaquarium.io/
Switzerland's State Bank Post Finance Makes a Move in Cryptocurrency!🇨🇭🪙
Switzerland's state bank Post Finance continues to expand its presence in the cryptocurrency world. By listing ADA, XRP, DOT, SOL, and AVAX, the number of supported cryptocurrencies has increased to 16. This move is seen as a sign of the bank's growing interest in cryptocurrencies.
📍Cardano Founder Hoskinson's Thanks
Cardano's founder Charles Hoskinson did not remain indifferent to this development, expressing his thanks on his X account. Hoskinson thanked Post Finance for their support during Ethereum's early years and stated that this listing is a continuation of the collaboration between the two institutions.
📍Mixed Reactions from the Community
Hoskinson's post received mixed reactions from the cryptocurrency community. While the Swiss and memecoin enthusiasts welcomed this development, some users expressed their concerns and criticized Post Finance.
📍Secure Crypto Services from Post Finance
Post Finance offers its customers the ability to buy, sell, and store cryptocurrencies securely. This expansion is considered a sign of increased interest from institutional investors in cryptocurrencies.
#PostFinance #Switzerland #Hoskinson #charleshoskinson
Switzerland's state bank Post Finance continues to expand its presence in the cryptocurrency world. By listing ADA, XRP, DOT, SOL, and AVAX, the number of supported cryptocurrencies has increased to 16. This move is seen as a sign of the bank's growing interest in cryptocurrencies.
📍Cardano Founder Hoskinson's Thanks
Cardano's founder Charles Hoskinson did not remain indifferent to this development, expressing his thanks on his X account. Hoskinson thanked Post Finance for their support during Ethereum's early years and stated that this listing is a continuation of the collaboration between the two institutions.
📍Mixed Reactions from the Community
Hoskinson's post received mixed reactions from the cryptocurrency community. While the Swiss and memecoin enthusiasts welcomed this development, some users expressed their concerns and criticized Post Finance.
📍Secure Crypto Services from Post Finance
Post Finance offers its customers the ability to buy, sell, and store cryptocurrencies securely. This expansion is considered a sign of increased interest from institutional investors in cryptocurrencies.
#PostFinance #Switzerland #Hoskinson #charleshoskinson
