[2017-07-17] Falcon Private Bank Expands Crypto Offerings for Clients

[Chase]

Falcon Private Bank Expands Crypto Offerings for Clients

Swiss-based Falcon Private Bank announced today that it is expanding its current blockchain asset management services to provide its customers access to three additional cryptocurrencies. The bank made news in July when it began offering its clients the ability to use their bank cash holdings to buy and hold Bitcoin in their bank portfolios. Next week, that service will expand to provide those clients with access to Litecoin, Ether, and Bitcoin Cash as well.

https://dcebrief.com/falcon-private-bank-expands-crypto-offerings-for-clients/

[iram1011]

It's funny that how different banks have different interpretation of Bitcoin or in general cryptocurrencies. Some are considering it as an actual threat to banking industry, some are integrating them in their system and the other part is busy in developing their own virtual currency in the aim of reducing the dominance of bitcoin in their market. Bitcoin being an international currency has effect from allover the world. But every news whether positive or negative only makes Bitcoin more popular.

I am glad banks in Switzerland are incorporating cryptocurrencies in their system and if all went successful many more banks might follow the suit. this will lead to increase in trust among users.