The Arab Bank Switzerland will allow its affluent customers to trade and store the bitcoin and ethereum cryptocurrencies. The Taurus crypto start-up will help with this financial institution.
Arab Bank Switzerland will offer customers BTC and ETH
Swissinfo publishes that Arab Bank Switzerland will begin to provide its wealthy customers with "new digital services". In particular, the financial institution will offer custodial and brokerage services for the two largest cryptocurrencies by market capitalization – bitcoin and ethereum.
The bank plans to store assets on the Taurus blockchainBlockchain
is a continuous and sequential block chain of information (digital linked list). When building a blockchain, copies of related blocks are simultaneously stored on multiple computers.Details startup-platform.
According to the financial institution, "blockchain will redraw the financial industry", and therefore the bank wants to be one of the first to offer customers access to "safe and regulated" crypto-assets.
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- Taurus is already collaborating with the Swiss Bank Vontobel. The startup also provides him with services for the safe storage of crypto-assets.
- On September 18, the Wells Fargo American bank announced the testing of a blockchain platform with stablecoin for internal international transfers