Bitcoin Forum

source:
https://bcashtalk.org/showthread.php?tid=21


A private Swiss bank is expanding a digital asset management service it launched earlier this summer to include new cryptocurrencies.

Falcon Private Bank, as previously reported by CoinDesk, revealed that it would allow its customers to buy and hold bitcoin within their accounts through a partnership with brokerage service Bitcoin Suisse. The launch was said to come after consultations with Swiss regulators, including the Swiss Financial Market Supervisory Authority (FINMA).

Now, that product line is expanding to include ether, litecoin and bitcoin cash. Customers of the bank will be able to start buying and holding those cryptocurrencies from August 22, according to today's announcement.

It’s a notable development, given that the initial service was brought online just over a month ago, marking the first time a traditional bank has moved to offer cryptocurrency services to its clients. As of last year, Falcon Private Bank had more than $14 billion in assets under its control.

"Falcon Private Bank was the first bank to offer bitcoin directly to its clients, and thus created history," Bitcoin Suisse CEO Niklas Nikolajsen said in a statement. "Their decision to follow up by adding ether as well as other crypto-assets has made them the go-to private bank for crypto-asset holders and investors."

At the time of its bitcoin service launch, Falcon also moved to install a bitcoin ATM in its Zurich headquarters.

That seems the growth of cryptocurrency will be boom the next one or two years if more banks follows the policy. There are more people buy cryptocurrency via banks. It is a good news to hold the coins now, next one or two years the price will pumped.

thats the sign bitcoin are now famous good to heard about the swiss bank selling bitcoin or eth, swiss bank bank is one of the famous bank in the world if swiss bank selling the crypto currencies i think is the start for the decentralized cryptocurrency to become accepted in the world as a currency.

Why would a bank sell a centralized scam coin like Ethereum? Trying to cash in on the hype?

That is a good news. It means that coins are getting popular. If more banks follow, coins will be more accessible to the general public and become more popular and stable.

Interesting to see bitcoin cash there with ETH. Both are shitty to me. Although litecoin wasn't mentioned it the thread title i was presently surprised to see it in the article. it has such huge potential but too little of real world take up.

this is a great news for bitcoin community and this will makes another bank will thinking about bitcoin too and maybe they can follow like Swiss Bank do so their customer can have another investment in their banks. and if the other banks following this step, then crypto currency will growth more than we can imagine and maybe crypto currency will be use in all country in the end and become a new currency for all people with don't have any border, limit and time.

bitcoincash mentioned... not bitcoin

a sign of cryptocurrencies getting more acknowledgement  8)

Bitcoin cash seems to have fallen into a great position for a 'new' coin.
It got onto lots of big exchanges, it was well distributed and it was accepted in more places than most other alts.

It seems almost weird how low the price is, and how little it is being traded..

This is a great news for cryptocurrency this means that slowly different county is adopting the cryptocurrencies and though I am not a fan of bitcoin cash I still believe that this kind of news can put a positive impact in crypto.

Here is the actual announcement from the Bank:

https://www.falconpb.com/tl_files/content/media_releases/150857-R-2127473-812416.pdf

They are already involved in bitcoin. Even your first post spelled that out in the cut and paste from the article.

"Falcon Private Bank, as previously reported by CoinDesk, revealed that it would allow its customers to buy and hold bitcoin within their accounts through a partnership with brokerage service Bitcoin Suisse."

Interesting news, I am sure we will see more news like this in the coming month. More and more people are gonna join in on the crypto train, especially once the coins are easier to access.

It's the first bank to fully involved with block chains coins, btw, how about the Falcon Private Bank?