German Savings Bank Launches Crypto Project to Provide Bitcoin and Ethereum Services

The German Savings Bank (Sparkasse) is launching a cryptocurrency project offering Bitcoin (BTC) and ETHer (ETH) services. This project will pave the way for banks to trade various digital benefits in the future.

According to the announcement, this update will allow Sparkasse customers to buy BTC and ETH directly from their account. The S-Payment IT team brings new ideas to improve the concept of the project.

However, all Sparkasse teams must vote for the project as early as 2022. Under similar circumstances, we plan to release end-to-end encryption wallets by the end of this year. .

Meanwhile, the project is expected to transform and have an impact on the landscape economy in Europe. Also, it was mentioned in the press releases that the successful banks have a large user base, so entering the cryptocurrency market could affect the cryptocurrency market in another location as well.

Unlike how Coinbase wants users to identify themselves, this time around would be good for all cryptocurrencies seamlessly. According to the report, national financial authorities did not attempt to block the banks' decision on cryptocurrency savings.

In addition, through this work, we wish to hide the sponsorship of the bank to keep the personal name. In other words, it will build confidence in the bank.

Author: Karikari Daniel | Compiler: Maya | Source: coinquora