Customers in switzerland can now send their cryptocurrency to their banks

[Jannatul Shefa]

Still I didn't have heard about it. But if it has happened its really wonderful. In this way bank and government will understand the value of cryptocurrencies. The business of cryptocurrencies will reach a new high.

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[kanayaTabitha]

hello friend, can you provide a news link? big news like this is very useful for us and for other countries to be able to study and develop cryptocurrency assets and hopefully be able to build a country's finances. I hope not only in Switzerland but in other countries too ...

[bitcoindiary]

This is good news for the people living in Switzerland. Now they can deposit their crypto currency in the banks. But the main of the crypto currency was not to be in the bank like fiat currency! It was designed to be decentralized and to secure money without the bank intervention. From my opinion; I am supporting the idea of bank.

[painkiller321]

It is great news for crypto users that they can transfer their digital assets in their bank accounts. Two of Switzerland’s private banks have allowed its customers to deposit their crypto coins in their accounts. Like these two banks; if other banks of other nations allow to deposit crypto coins then this market will get a big boost.

[thepers0n]

I think it is the great news for all users. Because there is first good news about the common solution between BTC and state financial system. I hope it will be a worldwide common practice soon

[gidaahmad]

Of course, it will facilitate crypto traders in Switzerland. In my country, there is no Bank that does this because the government prohibits transactions using Cryptocurrency.

[Miklight88]

This is a big sign to cryptocurrency and it growth, blockchain is a very unique technology that all financial institutions need in keeping their data base and for banks to be accepting the deposit of crypto asset is a save way that will make it grow.

[vv181]

It will highly become centralized, which it is ironic Bitcoin already been offering pseudo-anonym currencies, sending your coin to centralized entities will indirectly make it will be centralized. In the end, it contradicts with Bitcoin decentralized purpose.

[batang_bitcoin]

Some kind of old news.

That's likely to happen, they can't bitcoin as many customers like on how bitcoin can become a currency and as an investment at the same time.

A bank that adopts crypto gives an idea on what will be the future.

They can't beat it so they are joining and this is good for them for being a pioneer.

[MarioV]

Just this fact (Switzerland is unsurpassed for the management of the value/money with Israel) has made me even more convinced that the future will be that. We are still in time to be the forerunners of this world (not as first, but as seconds yes).

[Fortress12345]

Then it was a good news for them. They can send their crypto currency to the banks so it means they can use it to store their money but I think it is better to store your money on your own wallet that was safer.

[nussy]

The markets force will soon force the banks to accept cryptocurrency systems one way or the other, want every financial transaction now evolved on Crypto they will not have choice than to adopt it.
I will be more than glad to get more information on how those two banks adopt the process for customers to send in their cryptocurrency. Do the banks open a wallet for each customers or which methods do they adopt to make it easier to use and more transparent.

[SnapDown22]

Banks and other financial institutions pay very close attention to cryptocurrency, yet the vast majority of them are reluctant to take the plunge. A few of Switzerland’s top private banking institutions, however, are eager to facilitate cryptocurrency transactions.
Two of the banks are;

 Falcon Private BankBanks e a Change
 Maerki Baumann private bank

Customers  can now send their digital asset to the bank.

What's the implication?

a fairly positive development if it can happen maybe someday all countries can do the same thing and make investors feel easy and comfortable in investing

[Naficopa]

I think cryptocurrency does not need a bank you can store them in your own bank, that's much more secure and you are not vulnerable if you are smart enough.

Exactly, I don't understand why to send crypto to the bank. After all, the whole idea of crypto is independence from banks and decentralization. Will the crypto stored in the bank be more secure in this way? My wallet is my bank.

[nguyenhoven]

Banks and other financial institutions pay very close attention to cryptocurrency, yet the vast majority of them are reluctant to take the plunge. A few of Switzerland’s top private banking institutions, however, are eager to facilitate cryptocurrency transactions.
Two of the banks are;

 Falcon Private BankBanks e a Change
 Maerki Baumann private bank

Customers  can now send their digital asset to the bank.

What's the implication?

I would like to learn more info about what you mean by sending the crypto assets to the bank. Is the bank offering the crypto addrsses where the money can be deposited?

[angelakrasnova]

that banks are starting to implement bitcoin transactions - this is very good news! banks can offer a storage service, as well as a percentage of returns every month! This will have a very positive impact on the crypto currency market. A lot of banks have appeared all over the world which continue cooperation with the crypto world.

[Theresachinyere]

this would be one of the best news in the world of cryptocurrency.

[Akmaral ( Akee)]

It’s a great news. We all know Swaziland accept this market and they also support this market. I hope my country and banks will also accept this market.

[drm]

I like the support crypto is getting all of the sudden, but are we going to move towards centralization now though?  

[MISERICORDAE PROJECT]

Banks and other financial institutions pay very close attention to cryptocurrency, yet the vast majority of them are reluctant to take the plunge. A few of Switzerland’s top private banking institutions, however, are eager to facilitate cryptocurrency transactions.
Two of the banks are;

 Falcon Private BankBanks e a Change
 Maerki Baumann private bank

Customers  can now send their digital asset to the bank.

What's the implication?

The implication is that Falcon and Maerki Baumann banks are open to the positive potentials of Blockchain technology and can now count as part of the NEW global economy.