Major Swiss Bank launches direct transfers of cryptocurrencies

January 22, 2019
Chris Wheal

One of Switzerland’s banks is leading the way in providing their patrons with the ability to transfer their crypto into fiat. January 21, one of the Swiss leading banks, Falcon Private Bank, announced they now are accepting certain crypto (including Bitcoin, Bitcoin Cash, Ether and Litecoin) transfers with their version of a crypto wallet.

In other words, their patrons can now continue banking as they did before but this time with their cryptocurrency. Within the extent of the service Falcon Private Bank provides, cryptocurrency users will also receive advanced protection that covers an array of areas, such as software, crypto to fiat transaction and even hardware.

The bank developed their own compliance processes, which guarantees their full cooperation with the governments and crypto regulations.

The bank’s CEO, Martin Keller, stated in their press release that their new services prove Falcon is trailblazing the way in banking; both cryptocurrency and traditional fiat.

Post written by Chris Wheal
Chris Wheal is editor of OpenLedger's news and features service. An award-wining business journalists himself, he runs a team of freelance journalists from across the UK and north America.

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