German Sberbank hopes to offer Bitcoin purchases to 50 million customers.

The German Savings Bank plans to allow consumers to invest in major digital currencies such as Bitcoin (BTC) and ETHer (ETH) directly through their checks.

According to the business newspaper Capital City on Monday, the German-speaking bank (Sparkassen) is trying to create a cryptocurrency wallet and exchange it next year.

The pilot is expected to be approved by the Spacass board early next year, and the board's goal is to develop interventions in early 2022.

A spokesperson for the German Association of Savings Banks confirmed the news to the Cointelegraph, saying that "more and more consumers are interested in cryptocurrencies." "I have or have the tools," he said. Banking groups need to learn crypto assets to factor in their expectations, ”he said.

The representative added that a team of experts from German IT provider S-Payment "has now announced how to give consumers the option of storing their crypto assets in their wallets."

The experiment started with the banks alone, and the 370 banks themselves decided whether or not to introduce the cryptocurrency market. According to investment portfolios, some banks have increased their profits on cryptocurrency platforms.

Savings banks are a group of savings banks, each operating independently of German-speaking countries and participating in a distribution model. According to the report, these savings accounts have approximately 50 million users and total assets of 1,000 billion euros ($ 1,200 billion).

S-Payment did not immediately respond to Cointelegraph's request for comment.

Germany has become one of the largest cryptocurrencies in the world, and the Federal Reserve issued a crypto business license to its German company Coinbase earlier this year. German stock exchange operator Deutsche Börse has also listed more than 20 cryptocurrency exchanges listed on the Xetra digital exchange.