SWITZERLAND HAS THE FIRST PRIVATE BANK IN OFFERING SOLUTIONS WITH BITCOIN AND BLOCKCHAIN

There is already the first bank in Switzerland to offer services based on blockchain technology to manage funds in the clients' portfolio. In partnership with Bitcoin Suisse AG, Falcon Private Bank will deploy a decentralized application for asset management.

With the approval of the Swiss Financial Market Supervisory Authority (FINMA), the bank announced that it not only advances with the application of the blockchain for the management of its clients' portfolios, but also The first in the country to offer simultaneous services with Bitcoin, as they will allow customers to exchange and maintain cryptoactives at the bank, using for exchange their cash funds.

The bank will also install ATMs at its Zurich headquarters, available in its lobby during office hours. This inclusion of cryptoactive services, according to Arthur Vayloyan, Global Director of Falcon Products and Services, is the result of the entity's alliance with Bitcoin Suisse AG and digital asset management company Move Digital in a significant strategy of Adoption that begins to pay off.

For this alliance, Niklas Nikolajsen, CEO, Bitcoin Suisse AG, added that the implications of this new step with the European banking entity are of historical repercussions. 'This is no less than a historic achievement for the entire crypto-ecosystem,' he said.

Among those involved is also the consultancy PricewaterhouseCoopers, as auditor of the process. With this team, the important private entity of Switzerland marks another step forward in banking services, something that the country has been developing for some time, managing to get ahead of most of its neighbors in the continent

In this way Falcon Bank is committed to the entry of this technology, being the first private entity of the country that makes a decision of this nature, which, if successful, could lead other institutions to take similar paths in terms of Cryptoactives and blockchain technology.

Source of information and image here !.

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