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Topic: Customers in switzerland can now send their cryptocurrency to their banks (Read 511 times)

brand new
Activity: 0
Merit: 0
Announcing MyEtherWallet v3.24.00: Difficulty Bomb&Updating blockchain

Due to the complexity of the Bomb and the increased risk of hacking, we pushed a rather drastic update that implements a number of changes and improvements, including enhancement of efficiency and scalability of the blockchain, acceleration of transaction speed, and additional security in the form new formats private keys which will help protect users against hacking.
If you are using private key or UTC, then you need to go into the wallet and update manually, otherwise they risk being unprotected.

How do i update my Ethereum wallet?

1. Go to our website MyEtherWallet.com
2. Unlock your wallet using your Keystore File (UTC / JSON) or simply use your private key.
3. Click Unlock and wait for the update.

Please note that you need to manually update your wallet, failure to do so may result in funds being lost.

We are taking these measures to protect both you and our network from phishing and malicious attacks.

Thank you for your cooperation and understanding!
MyEtherWallet Security Team.

If you use other methods, then ignore this message.
newbie
Activity: 175
Merit: 0
This is good news, indicating that in Switzerland it is possible to use cryptocurrencies more freely than in other countries. It will force the market to adapt with crypto currency which is not very famous around the world.
newbie
Activity: 27
Merit: 0
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jr. member
Activity: 154
Merit: 1
this is the good news for Switzerland peoples now they can deposit cryptocurrency in the banks i think banks and financial institution are accepting cryptocurrency as like other fiat currency. i hope soon peoples can buy and sell bitcoin and other cryptocurrency directly from banks and no need any third party exchange and wallets.
Avoiding 3 parties is probably best, many problems are avoided
full member
Activity: 462
Merit: 100
It is always better to provide links with such news . If I am not mistaken with fast google search , falcon bank is an old news back in 2017 . But Maerki Baumann private bank is new one .

some links
https://www.swissinfo.ch/eng/business/game-changer-_swiss-private-bank-accepts-bitcoin/43328354 ( Falcon back in july 2017 )   
https://snbchf.com/2017/07/swiss-bank-accepts-bitcoin/ (Falcon in july 2017 )
https://toshitimes.com/second-major-swiss-bank-begins-accepting-crypto-deposits/





Thats the problem with those members here that only wanted to gain merits,trying to take other post to make sense but the problem is old topics are easy to detect so better watch out

I have read that same topic and i know that this is not the first time this was been tackled
jr. member
Activity: 266
Merit: 1
Well this isn't new for some countries. Bitckin has been legal for some banks on their own country because they know that it is another way to nake the business boom. But still i hope that we can transfer bitcoin to any bank we want worldwide because this would be a great thing for travelling.
member
Activity: 350
Merit: 15
Great news, but is there a source?
In general, if the news is true, it will increase people's knowledge of digital currencies and help spread them
member
Activity: 352
Merit: 10
Despite the fact that not such large banks offer such opportunity, this is good news, indicating that in Switzerland it is possible to use cryptocurrencies more freely than in other countries. Taking into account very big importance of this country as a financial giant, it is very good news.
full member
Activity: 276
Merit: 100
I am always glad hearing and reading these kind of positive feedback about cryptocurrency. Because it is an evidence that proves the bitcoin is developing.
sr. member
Activity: 568
Merit: 254
Banks and other financial institutions pay very close attention to cryptocurrency, yet the vast majority of them are reluctant to take the plunge. A few of Switzerland’s top private banking institutions, however, are eager to facilitate cryptocurrency transactions.
Two of the banks are;

 Falcon Private BankBanks e a Change
 Maerki Baumann private bank

Customers  can now send their digital asset to the bank.

What's the implication?
Bank in Switzerland are futuristic bank, they know that it is a waste of time fighting inevitable change. Instead of fighting they know that they can take advantage of the situation by adopting it early. That way the trust of their client would be strong and they have option whether they deposit fiat or cryptocurrency.
newbie
Activity: 70
Merit: 0
This kind of news is always a desired news for all the crypto users and Switzerland got the first opportunity to filling the dream of the users.
hero member
Activity: 882
Merit: 500
Banks and other financial institutions pay very close attention to cryptocurrency, yet the vast majority of them are reluctant to take the plunge. A few of Switzerland’s top private banking institutions, however, are eager to facilitate cryptocurrency transactions.
Two of the banks are;

 Falcon Private BankBanks e a Change
 Maerki Baumann private bank

Customers  can now send their digital asset to the bank.

What's the implication?
This is really a good news for the whole Cryptourrency users , because in these days everything week it is usual for us to got negative news regarding cryptourrency use , so in this situation this news will work as a boosting agent for the grow of cryptourrency market .
Now here we need see that how much we are able to make grow more in our own country by making lots of support to the cryptocurrency by the social media power by marketing and discussion in positive feedback .
And also in many countries many banks are looking to implement technology of the cryptocurrency algorithm to the banking system , so that they can make Thier Banking system more better than what we have today in present time with simple banking system .
Hope we will see lots of new new things in the future with cryptourrency with banks , and in that way we will be able to use cryptourrency for the every domestic works of buy/sell , but surely this will take long time and we also need to keep patience .
newbie
Activity: 52
Merit: 0
Switzerland is really a crypto friendly country from the starting of this market. Now it has again done a great work that will make the crypto currency market more popular and this will make the transaction of crypto currency easier.
member
Activity: 700
Merit: 10
Banks and other financial institutions pay very close attention to cryptocurrency, yet the vast majority of them are reluctant to take the plunge. A few of Switzerland’s top private banking institutions, however, are eager to facilitate cryptocurrency transactions.
Two of the banks are;

 Falcon Private BankBanks e a Change
 Maerki Baumann private bank

Customers  can now send their digital asset to the bank.

What's the implication?

If banks accepting digital asset deposit, i think its good news for crypto adoption. If we can deposit our digital asset, we can pledge our digital asset for loan. Its like we have an asset like gold and we deposit it to banks and put our digital asset as collateral
newbie
Activity: 228
Merit: 0
Well  this is a good news for the Swiss. Also we are aware that how accepting the Swiss government is towards crypto so it is not a surprise to see the bank's participation in it; but it would have been better if the source of the news was provided too.
newbie
Activity: 56
Merit: 0
We all know that Switzerland has always been keen when it comes to the crypto market and the participation of the banks in the crypto is no surprise as well. But there is no source or links which will suffice that this news is true or not. So; we cannot rejoice just as yet.
newbie
Activity: 78
Merit: 0
That's a great news indeed especially for the Swiss users. I hope other banks of the world will develop this facility very soon so that there cryptocurrency user customers get  benefitted
member
Activity: 311
Merit: 10
It is a great news for us here that cryptocurrency is being accepted by some banks in Switzerland and will soon be accepted by all, cryptocurrency might be legalize and use freely so I am hopeful that more countries will embrace the use of digital currency. Instead of banning it, just regulate it.
jr. member
Activity: 294
Merit: 1
Everything has its good and bad effect. If banks are taking a close observation to crypto currency and taking them in then it is surely good for those who invests in those currencies. But it will have a negative effect too. It will force the market to adapt with crypto currency which is not very famous around the world. Not many people know about it. Then again it is good because it will create awareness among the people about crypto currency which will eventually turn in as more investment in crypto currency which is I think both good and bad for the market.
member
Activity: 322
Merit: 17
Overall, the news is good
Despite fears of losing financial freedom
The market needs to more adopt for crypto
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