German Bank announces to support Bitcoin; says it's important to own private key

[Marvelman]

I am not a German so I do not know what will happen or how it will happen, but I know for sure that this is a good news for bitcoin and Germans who uses bitcoin. Let's hope that they do it much better than any other exchange out there so that people would start to use it more and get the exchanges hear about their shortcomings. Exchanges have been monopoly for too long, they needed competition.

I am also not German but we have a Raiffeisen bank in my country as well. Good news indeed, and I hope to see a similar service being offered at our branch in the future. Besides providing safer storage options for Bitcoin cold wallets, this will also make Bitcoin more accessible to anyone, regardless of where they are or who they are.

[fillippone]

I am not a German so I do not know what will happen or how it will happen, but I know for sure that this is a good news for bitcoin and Germans who uses bitcoin. Let's hope that they do it much better than any other exchange out there so that people would start to use it more and get the exchanges hear about their shortcomings. Exchanges have been monopoly for too long, they needed competition.

I am also not German but we have a Raiffeisen bank in my country as well. Good news indeed, and I hope to see a similar service being offered at our branch in the future. Besides providing safer storage options for Bitcoin cold wallets, this will also make Bitcoin more accessible to anyone, regardless of where they are or who they are.

Sadly, I guess that product offering in various EU countries is subject to local regulators. So different criterium must be followed for the same product sold to different European countries. This is a mess often preventing the same service or products being offered to every European customer. Yet another example of politics-induced subpar treatment of the European customer.

[lornadane]

I am not a German so I do not know what will happen or how it will happen, but I know for sure that this is a good news for bitcoin and Germans who uses bitcoin. Let's hope that they do it much better than any other exchange out there so that people would start to use it more and get the exchanges hear about their shortcomings. Exchanges have been monopoly for too long, they needed competition.

I am also not German but we have a Raiffeisen bank in my country as well. Good news indeed, and I hope to see a similar service being offered at our branch in the future. Besides providing safer storage options for Bitcoin cold wallets, this will also make Bitcoin more accessible to anyone, regardless of where they are or who they are.

This is good news about the development of bitcoin even though the bitcoin market is currently down, but this news illustrates that bitcoin is getting more and more in demand and expected among the public.
But on the other hand, bitcoin type is growing and alive and easy to access here and there, maybe the government will also implement regulations for every user who uses bitcoin in their lives.

[Disruptivas]

WOOOOOW!!!!

It's amazing man! Recently, with all the news about the war in Ukraine, we've seen many CEOs of exchanges talking about the importance of customers not keeping all founders on exchanges, in regards to concerns about government censorship. It was very nice behavior and good advisers. He showed how the ethical and rational side can prevail over business interests.

Seeing this same perspective and behavior of German bank is super interesting. I really hope they are examples to be followed.

[fullhdpixel]

WOOOOOW!!!!

It's amazing man! Recently, with all the news about the war in Ukraine, we've seen many CEOs of exchanges talking about the importance of customers not keeping all founders on exchanges, in regards to concerns about government censorship. It was very nice behavior and good advisers. He showed how the ethical and rational side can prevail over business interests.

Seeing this same perspective and behavior of German bank is super interesting. I really hope they are examples to be followed.

Indeed it's amazing and refreshing at the same time to see a news like this because we all know that banks are always allergic to cryptocurrencies and they even created their own version of cryptos but only it's centralized.

I didn't know that there is still a hope for those banks to change their perspective and accept cryptos the way it was. Banks supporting cryptos is already a big thing to us, much more if they educate the people about the importance of having their own private keys. That's a generous offer but I am not sure if other banks on other countries will follow the same path because for them, their local currencies are still more important.

[Vaskiy]

WOOOOOW!!!!

It's amazing man! Recently, with all the news about the war in Ukraine, we've seen many CEOs of exchanges talking about the importance of customers not keeping all founders on exchanges, in regards to concerns about government censorship. It was very nice behavior and good advisers. He showed how the ethical and rational side can prevail over business interests.

Seeing this same perspective and behavior of German bank is super interesting. I really hope they are examples to be followed.

Indeed it's amazing and refreshing at the same time to see a news like this because we all know that banks are always allergic to cryptocurrencies and they even created their own version of cryptos but only it's centralized.

I didn't know that there is still a hope for those banks to change their perspective and accept cryptos the way it was. Banks supporting cryptos is already a big thing to us, much more if they educate the people about the importance of having their own private keys. That's a generous offer but I am not sure if other banks on other countries will follow the same path because for them, their local currencies are still more important.

To educate people about the cryptocurrencies and the process involved it is good to have their own support centers similar to banks at specific locations. This will bring more common people towards cryptocurrency and the user-friendly applications will make cryptocurrencies reach the low bottom of the people with ease.

[Marvelman]

I am not a German so I do not know what will happen or how it will happen, but I know for sure that this is a good news for bitcoin and Germans who uses bitcoin. Let's hope that they do it much better than any other exchange out there so that people would start to use it more and get the exchanges hear about their shortcomings. Exchanges have been monopoly for too long, they needed competition.

I am also not German but we have a Raiffeisen bank in my country as well. Good news indeed, and I hope to see a similar service being offered at our branch in the future. Besides providing safer storage options for Bitcoin cold wallets, this will also make Bitcoin more accessible to anyone, regardless of where they are or who they are.

Sadly, I guess that product offering in various EU countries is subject to local regulators. So different criterium must be followed for the same product sold to different European countries. This is a mess often preventing the same service or products being offered to every European customer. Yet another example of politics-induced subpar treatment of the European customer.

It is unfortunate, but it is true. A couple of days ago, I visited one of the Raiffeisen offices in my city and the staff there did not know that anything like this was planned in our branch.
Normally they get information a few months before the launch of any new service. However, they haven't received anything regarding cryptocurrency yet.

[fillippone]

I am not a German so I do not know what will happen or how it will happen, but I know for sure that this is a good news for bitcoin and Germans who uses bitcoin. Let's hope that they do it much better than any other exchange out there so that people would start to use it more and get the exchanges hear about their shortcomings. Exchanges have been monopoly for too long, they needed competition.

I am also not German but we have a Raiffeisen bank in my country as well. Good news indeed, and I hope to see a similar service being offered at our branch in the future. Besides providing safer storage options for Bitcoin cold wallets, this will also make Bitcoin more accessible to anyone, regardless of where they are or who they are.

Sadly, I guess that product offering in various EU countries is subject to local regulators. So different criterium must be followed for the same product sold to different European countries. This is a mess often preventing the same service or products being offered to every European customer. Yet another example of politics-induced subpar treatment of the European customer.

It is unfortunate, but it is true. A couple of days ago, I visited one of the Raiffeisen offices in my city and the staff there did not know that anything like this was planned in our branch.
Normally they get information a few months before the launch of any new service. However, they haven't received anything regarding cryptocurrency yet.

This is weird. I guess that given the supposedly high reputation al risk involved with cryptocurrencies any product related procedure to be extra cautiously tested. And this involves sales team training, or at least indication to escalate toward more specialised desk.
Not being able to answer basic client request doesn’t fit very well into this.