Sberbank voted on whether to allow depositors to use cryptocurrency directly.

The German Savings Bank has discussed important bills for cryptocurrencies and will decide whether to allow depositors to use cryptocurrencies directly. Next year.

The German Savings Bank Group (Sparkasse) will discuss whether to allow users to use cryptocurrencies directly from their currency, including Bitcoin, Ether and more. If the bill passes, depositors at these banks will be able to convert their money directly into cryptocurrencies. .

Significantly, the group has over 50 million depositors, has around $ 1,000 billion in assets under management, and will earn $ 100 million in the cryptocurrency industry with just 1/10 million users of investment.

The group has more than 400 bank accounts and hopes to vote in the future. If the invoice is accepted, the German savings bank will open the wallets of all new depositors at the beginning of next year. It has become a direct cryptocurrency market.

Unlike regular exchanges, users have to go through a heavy self-assessment to open their business. Bankers can trade euros and cryptocurrencies using money directly in their currency, and expect the process to be easy and the German Savings Bank will continue to use its print business name to gain trust. client.

At the same time, from December 16, around 370 savings banks will launch a trial operation that will allow consumers and banks to test their knowledge of financial cryptocurrency.

After more than a decade of experimentation, cryptocurrencies first created value in an unfortunate situation and then fostered investment through start-ups, venture capitalists, and private companies. , and accepted by small countries, followed by financial institutions such as VISA, Mastercard and Pay Pal. . Now, German savings banks, aware of their securities, should consider including cryptocurrencies, which means there is no need to question their value.

However, the price is not the same as the value of the currency. Despite the recognition of their value, Bitcoin and Ether have been testing the hearts of investors since the end of November. That night, Bitcoin plunged 10%, from $ 50,000 to $ 45,000. Conflict.