19/09/19 13:00 UTC-4

Another Swiss bank is introducing crypto-services

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

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.

Interesting in the section: Cryptocurrency billionaires. TOP 5 people who got rich in the crypto-sphere


See also: ""Satoshi Nakamoto" wants to amicably resolve the $5 billion dispute in bitcoin"

#Bank #Blockchain #Switzerland #Bitcoin Ethereum #BTC #ETH

Editor: Yuliya Soroka