The banking unit of Swiss Post, the state-owned Postfinance, is reportedly gearing up to enter the crypto market. “Our buyers want direct access to the current market through their internal bank.”
The banking arm of the Swiss Post will enter the crypto market
The banking and monetary services branch of Swiss Post, the public company responsible for Switzerland’s communication services and other essential public infrastructure, would be present to provide its customers with direct access to cryptocurrencies.
The Swiss Parliament established the forerunner of Postfinance in 1906 to provide payment services to retail customers. Postfinance operated as a division of Swiss Post until June 2013, when it became a bank under Swiss law. it is currently regulated by a People’s Higher Money Market Authority (FINMA).
The bank already offers crypto exposure to its customers through the Yuh app, which it co-developed with banking cluster Swissquote. “Yuh combines payment, savings and investment in one package,” describes its website.
Postfinance head of retail banking, Sandra Lienhart, reportedly said:
Our buyers want direct access to the current market via their house bank… Given the increasing institutionalization [of cryptocurrencies] over the past eighteen months is often the perfect time to enter the market.
The banking unit of Swiss Post, the state-owned Postfinance, is reportedly gearing up to enter the crypto market. “Our buyers want direct access to the current market through their internal bank.”
The banking arm of the Swiss Post will enter the crypto market
The banking and monetary services branch of Swiss Post, the public company responsible for Switzerland’s communication services and other essential public infrastructure, would be present to provide its customers with direct access to cryptocurrencies.
The Swiss Parliament established the forerunner of Postfinance in 1906 to provide payment services to retail customers. Postfinance operated as a division of Swiss Post until June 2013, when it became a bank under Swiss law. it is currently regulated by a People’s Higher Money Market Authority (FINMA).
The bank already offers crypto exposure to its customers through the Yuh app, which it co-developed with banking cluster Swissquote. “Yuh combines payment, savings and investment in one package,” describes its website.
Postfinance head of retail banking, Sandra Lienhart, reportedly said:
Our buyers want direct access to the current market via their house bank… Given the increasing institutionalization [of cryptocurrencies] over the past eighteen months is often the perfect time to enter the market.
The post office Swiss public bank Postfinance will provide buyers with direct access to the crypto market first appeared on BTC Sons.