{"id":19579,"date":"2023-04-07T12:11:05","date_gmt":"2023-04-07T12:11:05","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/swiss-state-owned-banking-giant-postfinance-to-offer-crypto-services-finance-bitcoin-news\/"},"modified":"2023-04-07T12:11:05","modified_gmt":"2023-04-07T12:11:05","slug":"swiss-state-owned-banking-giant-postfinance-to-offer-crypto-services-finance-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/swiss-state-owned-banking-giant-postfinance-to-offer-crypto-services-finance-bitcoin-news\/","title":{"rendered":"Swiss State-Owned Banking Giant Postfinance to Offer Crypto Services \u2013 Finance Bitcoin News"},"content":{"rendered":"

(Originally posted on : Bitcoin News )<\/b>
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Postfinance, one of Switzerland\u2019s largest retail banks, will offer customers access to major cryptocurrencies and related services. The state-owned financial institution will be using the banking platform developed by the Swiss-licensed digital asset bank Sygnum. <\/strong><\/p>\n

Postfinance Partners With Sygnum to Provide Digital Asset Products and Services<\/h2>\n

The financial services unit of the national postal service of Switzerland, Postfinance<\/a>, has joined forces with crypto bank Sygnum to offer a range of digital asset banking services. To achieve that, the bank will employ Sygnum\u2019s B2B (business-to-business) banking platform.<\/p>\n

The partnership enables the launch and expansion of regulated bank-grade products and services for digital assets, Sygnum<\/a> said in an announcement published Wednesday. The Switzerland-based fintech company further elaborated:<\/p>\n

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Postfinance\u2019s customers will be able to buy, store and sell leading cryptocurrencies such as bitcoin and ethereum.<\/p>\n<\/blockquote>\n

Postfinance has analyzed the investment needs of its customers and detected strong demand for digital investment services, Sygnum also explained. Its B2B banking platform will allow the Swiss state-owned bank to integrate the new offering into its existing infrastructure.<\/p>\n

\u201cDigital assets have become an integral part of the financial world, and our customers want access to this market at Postfinance, their trusted principal bank,\u201d commented the bank\u2019s Chief Investment Officer Philipp Merkt.<\/p>\n

Sygnum holds both a Swiss banking license and a Singapore asset management license. Being fully regulated, makes it one of the few banks globally that are able to provide a bridge between traditional finance and digital assets.<\/p>\n

Sygnum Bank also highlighted that the B2B offering allows its partner banks to quickly enter the crypto market in a cost-efficient manner and with regulation-compliant products. Using it, Postfinance will also be able to continue to introduce new services such as staking. Fritz Jost, Signum\u2019s chief B2B officer, noted that the company is already working with over 15 partner banks.<\/p>\n

Postfinance\u2019s interest in the digital asset space is not new. Swiss Post\u2019s financial arm announced<\/a> its intentions to enter the crypto services market in July, 2022. In May, the previous year, the bank had already launched<\/a> a mobile app providing clients with access to over a dozen cryptocurrencies.<\/p>\n

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b2b<\/a>, B2B platform<\/a>, Bank<\/a>, Banking<\/a>, banking platform<\/a>, banks<\/a>, Crypto<\/a>, crypto assets<\/a>, Crypto-Bank<\/a>, crypto-related<\/a>, Cryptocurrencies<\/a>, Cryptocurrency<\/a>, Digital Assets<\/a>, Postfinance<\/a>, products<\/a>, Services<\/a>, staking<\/a>, swiss<\/a>, Swiss Post<\/a>, Switzerland<\/a>, Sygnum<\/a><\/div>\n<\/div>\n

Do you expect more Swiss banks to also seek B2B solutions allowing them to offer crypto-related products and services to their customers? Tell us in the comments section below. <\/strong><\/em><\/p>\n

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\nLubomir Tassev <\/h6>\n

\nLubomir Tassev is a journalist from tech-savvy Eastern Europe who likes Hitchens\u2019s quote: \u201cBeing a writer is what I am, rather than what I do.\u201d Besides crypto, blockchain and fintech, international politics and economics are two other sources of inspiration.

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Image Credits<\/b>: Shutterstock, Pixabay, Wiki Commons, Judith Linine \/ Shutterstock.com<\/em><\/p>\n

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Disclaimer<\/strong>: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com<\/a> does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.<\/p>\n<\/div>\n

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