The operator of the largest bitcoin exchange in Germany acquired the Bank Tremel

Kemarit

legendary

Activity: 3080

Merit: 1353

Quote from: Dimon8 on November 21, 2018, 09:19:41 PM

If a German holding company bought Bitcoin Group SE at this difficult time for cryptography, this means that the company’s management is 100% sure that this investment is a success. It can also be assumed that cryptography in Germany will be used by the population.

Well as someone has said, Germany is very advance as far as crypto adoption is concern:

Germany’s Tourism Board Accepts Bitcoin Payments
25,000 German Online Stores in Germany to Begin Accepting Crypto in 2019

So there's a lot of crypto movement in that side of the globe and do we hope that this will set a precedence in EU as well. We all know that crypto is not yet welcome there as few other countries are very hostile to it.

And for those we wanted to know how many Bitcoin ATM's we have globally, you can check this link for the data: (https://coinatmradar.com/).

Dimon8

jr. member

Activity: 420

Merit: 1

If a German holding company bought Bitcoin Group SE at this difficult time for cryptography, this means that the company’s management is 100% sure that this investment is a success. It can also be assumed that cryptography in Germany will be used by the population.

1Referee

legendary

Activity: 2170

Merit: 1427

Quote from: shield132 on November 21, 2018, 12:36:45 PM

I don't know how much bitcoin ATM is available in Germany but sadly their fees are very high worldwide. I hope they at least offer really good bitcoin ATM with normal fees, if it will have fees similar of XAPO, then - amazing. If they do this locally, I believe others will lower fees too and finally there will be normal bitcoin ATMs in this world.
Germany is doing well in crypto...

It's easy to talk down on ATM's for being too expensive to use, but there is a company behind it with operational costs, it's not a charity running strictly to break even.

In the end, ATM's need more usage and more competition to offer lower fees, and both aspects aren't present in today's world. I'm sure it will come one day, but I'm also sure that legacy banks will end up taking over the ATM space by upgrading their own ATM's to allow everyone to obtain Bitcoin at any time of the day.

Banks have the required licenses already, have enough ATM's running throughout the country, and thus the fees will be extremely low.

kryptqnick

legendary

Activity: 3248

Merit: 1402

Join the world-leading crypto sportsbook NOW!

Quote from: boss.afro on November 15, 2018, 06:02:47 AM

The German holding company Bitcoin Group SE acquired a 100% stake in the investment Bank Tremel Wertpapierhandelsbank GmbH. Bitcoin group SE intends to expand the list of services thanks to the license of the Bank acquired by It. In addition, the company intends to install bitcoin ATMs in Germany.

It's great when cryptos buy off the banks, not the banks try to exploit the cryptos. Surely, both lead to awareness and potential mass adoption, but IMO it's wrong when banks use cryptos only as intermediaries for international fiat transactions. In this case, however, it's the bitcoin company that will use the bank's authority to enforce some pro-crypto activity in Germany. More ATMs is a great start. If they can somehow help out with accepting crypto debit cards, this would be totally awesome. I think this is a fruitful union that will save the bank as well as help promote cryptocurrencies.

shield132

hero member

Activity: 2352

Merit: 905

Metawin.com - Truly the best casino ever

I don't know how much bitcoin ATM is available in Germany but sadly their fees are very high worldwide. I hope they at least offer really good bitcoin ATM with normal fees, if it will have fees similar of XAPO, then - amazing. If they do this locally, I believe others will lower fees too and finally there will be normal bitcoin ATMs in this world.
Germany is doing well in crypto...

dothebeats

legendary

Activity: 3542

Merit: 1352

Cashback 15%

This is interesting. I always thought that banks would acquire cryptocurrency firms and exchanges but the opposite happened here. I'm excited on what might become of this acquisition and see whether it will spawn a wide array of new services available for the public. Good thing that the government and the environment in Germany is inviting for cryptocurrency firms and hopefully this continues on other countries as well. It's a great move, and hopefully it drives adoption fast in the said region.

alyssa85

legendary

Activity: 1652

Merit: 1088

CryptoTalk.Org - Get Paid for every Post!

Quote from: damberg on November 19, 2018, 11:10:23 AM

Quote from: boss.afro on November 15, 2018, 06:02:47 AM

The German holding company Bitcoin Group SE acquired a 100% stake in the investment Bank Tremel Wertpapierhandelsbank GmbH. This was reported in a press release.

Bitcoin Group SE is the operator of the country's only regulated bitcoin exchange Deutschland AG, also known as Bitcoin.de ahhh! According to the information on the website, Tremel specializes in securities trading. In turn, Bitcoin group SE intends to expand the list of services thanks to the license of the Bank acquired by It. In addition, the company intends to install bitcoin ATMs in Germany.

Managing Director of the Bank Rainer Bergman will continue to lead Tremel. Also, together with the team of Bitcoin group SE, he will develop custodial solutions.

source forklog.com

Germany seems to be quite far in adoption and market cycle, acquiring a bank to obtain a license is a brave move, unusual for cryptocurrency industry. I hope it will also pave the way for cryptocurrency securitization in Europe.

It's a brave move, but it's the only way bitcoin will enter the mainstream, via a marriage of crypto and banking.

Renaldi blackspadeteam

full member

Activity: 504

Merit: 100

banks in germany have done the best it seems like this is good news, with this I think the price of bitcoin will rise again even if only a little, I also think all the crypto assets will rise if the price of bitcoin rises

aoluain

legendary

Activity: 2380

Merit: 1343

Well this is different news all right, a holding company essentially taking over a
bank and looking to offer more bitcoin related services and ATM's

This could transpire into a number of things, a form of centralisation, offering
a crypto credit card service which are two which come to mind.

BitHodler

legendary

Activity: 1526

Merit: 1179

Quote from: Idrisu on November 19, 2018, 12:37:42 PM

Many good news but price keeps going down. What is really happening as this is not how this market behave last year. We are going to have a more good news coming up and I think no matter what happened good days are coming.

I understand that it may seem odd, but it's normal and relates to the different sentiments. During a bear market good news has next to no impact, where during a bull market bad news has next to no impact.

Also, the developments that we read about nowadays (this article fits in that category as well) concerns the ecosystem around crypto currencies, and not so much crypto itself.

Crypto is the source of everything at the end of the day, because if the demand for crypto isn't there, the ecosystem around it won't be able to function either, which should make sense, right?

omegasoldier

newbie

Activity: 179

Merit: 0

That is certainly good news. Considering Germany`s leading position in the EU, they set a great example for other European countries to follow. Looking forward to how the situation will unfold in the near future.

Idrisu

sr. member

Activity: 924

Merit: 260

Many good news but price keeps going down. What is really happening as this is not how this market behave last year. We are going to have a more good news coming up and I think no matter what happened good days are coming.

damberg

full member

Activity: 658

Merit: 108

Quote from: boss.afro on November 15, 2018, 06:02:47 AM

The German holding company Bitcoin Group SE acquired a 100% stake in the investment Bank Tremel Wertpapierhandelsbank GmbH. This was reported in a press release.

Bitcoin Group SE is the operator of the country's only regulated bitcoin exchange Deutschland AG, also known as Bitcoin.de ahhh! According to the information on the website, Tremel specializes in securities trading. In turn, Bitcoin group SE intends to expand the list of services thanks to the license of the Bank acquired by It. In addition, the company intends to install bitcoin ATMs in Germany.

Managing Director of the Bank Rainer Bergman will continue to lead Tremel. Also, together with the team of Bitcoin group SE, he will develop custodial solutions.

source forklog.com

Germany seems to be quite far in adoption and market cycle, acquiring a bank to obtain a license is a brave move, unusual for cryptocurrency industry. I hope it will also pave the way for cryptocurrency securitization in Europe.

The_Tick

jr. member

Activity: 70

Merit: 3

Not surprising coming from Germany. Efficiency is their religion and blockchain transactions for everyday life just makes sense.

Another advancement that will associate crypto use with institutional investors/banking and subsequently help let the general public's arms down.

rickadone

legendary

Activity: 1176

Merit: 1024

We were so used to hearing about the other way around, it is refreshing to see this side of it starting to happen.
Normally big corporations do invest into crypto companies and help them grow, in this instance it is just the other way around.

At least we now know that there is a bank in Germany that is highly pro-crypto, since the owners are basically crypto people themselves. It would be weird to follow this route, crypto used to run on one idea, it would be a currency to be used all around the world, one currency that would be used by all people without nations fiat in the way, than there was commodity aspect which still exists today a lot, people who want to buy crypto and than sell it and make profit.

Lately the crypto space became huge for corporations and companies and funding for projects. I hope the last one continues for a long time.

cindygirl

full member

Activity: 280

Merit: 105

More positive news from Germany, they're sure to become one of the leaders in bitcoin usage in the future. Given the favorable ruling that bitcoin can be spent legally without incurring any tax obligation. It's a very enticing prospect for many people.

boss.afro

copper member

Activity: 142

Merit: 1

The German holding company Bitcoin Group SE acquired a 100% stake in the investment Bank Tremel Wertpapierhandelsbank GmbH. This was reported in a press release.

Bitcoin Group SE is the operator of the country's only regulated bitcoin exchange Deutschland AG, also known as Bitcoin.de ahhh! According to the information on the website, Tremel specializes in securities trading. In turn, Bitcoin group SE intends to expand the list of services thanks to the license of the Bank acquired by It. In addition, the company intends to install bitcoin ATMs in Germany.

Managing Director of the Bank Rainer Bergman will continue to lead Tremel. Also, together with the team of Bitcoin group SE, he will develop custodial solutions.

source forklog.com

Topic: The operator of the largest bitcoin exchange in Germany acquired the Bank Tremel (Read 250 times)