Bitcoin Forum

This week the private bank headquartered in the Principality of Liechtenstein, Bank Frick, announced its customers will now have the ability to directly invest in cryptocurrencies. According to the financial institution, the company will offer account holders the means to purchase fives different cryptocurrencies that will be held in cold storage using the bank’s platform.
Bank Frick Offers Direct Crypto Purchases Held in Cold Storage for Euros, Dollars, and Swiss Francs
Liechtenstein Bank Offers Account Holders Direct Crypto-InvestmentsBank Frick is a banking firm based in Liechtenstein that offers private financial services for a wide array of international clientele. On February 28 the bank announced it was enabling direct cryptocurrency investment for customers and the digital assets will be kept in cold storage under the bank’s supervision. Bank Frick is initially offering five cryptocurrencies including bitcoin core, bitcoin cash, litecoin, ripple, and ethereum.

“Starting today, professional market participants and financial intermediaries are able to invest in the five leading cryptocurrencies,” explains the Liechtenstein bank.
‘Crypto-Banking and Traditional Banking’
Bank Frick hopes it can offer institutional traders and market makers stronger protection from theft alongside traditional regulations that are applied to other asset classes.

read more https://news.bitcoin.com/liechtenstein-bank-offers-account-holders-direct-crypto-investments

I think that eventually many banks will start to offer similar products where customers
will be able to buy and sell cryptocurrencies directly using their existing online banking
accounts.

However, I think it is laughable that Bank Frick is including the ability to invest in shitcoins like Ripple.
No sane professional market participant or financial intermediary is going to invest a
non-negligible amount of money in a centralized scamcoin that isn´t even necessary for
most existing products of the Ripple company.