State-Owned Swiss Bank Postfinance to Offer Clients Direct Access to Crypto Market

Swiss post office’s banking unit, the state-owned Postfinance, is reportedly preparing to enter the crypto market. “Our clients want direct access to this market through their house bank.”

Swiss Post Office’s Banking Arm to Enter Crypto Market

The banking and financial services arm of Swiss Post, the state-owned enterprise responsible for Switzerland’s postal and other essential public infrastructure services, est reportedly planning to offer its customers direct access to cryptocurrencies.

The Swiss parliament established Postfinance’s predecessor 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 the Swiss Financial Market Supervisory Authority (FINMA).

The bank already offers crypto exposure to its customers through the Yuh app, which it co-developed with banking group Swissquote. “Yuh combines paying, saving, and investing in one package,» son site Web décrit.

Postfinance’s head of retail banking, Sandra Lienhart, was quoted as saying:

Our clients want direct access to this market through their house bank … Given the growing institutionalization [des crypto-monnaies] in the last 18 mois, this is the ideal time to enter the market.

Swiss Post has been selling crypto stamps. le first collection, issued in November 2021, consisted of 175,000 crypto stamps. They were sold out within five hours.

Last week, the post office announced that it is launching Swiss Crypto Stamp 2.0. “The second crypto stamp collection will be available from selected branches and at postshop.ch from 8 Août 2022, with an issue of 250,000 stamps,” according to the announcement.

LIS  La République centrafricaine a adopté le Bitcoin comme monnaie de référence — Bureau de la présidence

There will be 10 different designs “reflecting the various values of Switzerland, such as solidarity, sustainable thinking, peace, and diversity,” the announcement continues, adding that when placed next to each other, the ten designs form a larger picture.

Tags dans cette histoire

What do you think about Postfinance entering the crypto market? Faites-nous savoir dans la section commentaires ci-dessous.

Kévin Helms

Étudiant en économie autrichienne, Kevin a trouvé Bitcoin dans 2011 et a été un évangéliste depuis. Ses intérêts résident dans la sécurité Bitcoin, systèmes open source, les effets de réseau et l'intersection entre l'économie et la cryptographie.




Crédits image: Shutterstock, Pixabay, Wiki Commons

Avertissement: Cet article est à titre informatif seulement. Il ne s'agit pas d'une offre directe ou d'une sollicitation d'offre d'achat ou de vente, ou une recommandation ou une approbation de tout produit, prestations de service, ou des entreprises. Bitcoin-Tidings.com ne fournit pas d'investissement, impôt, légal, ou conseil comptable. Ni la société ni l'auteur ne sont responsables, directement ou indirectement, pour tout dommage ou perte causé ou prétendument causé par ou en relation avec l'utilisation ou la confiance accordée à tout contenu, biens ou services mentionnés dans cet article.

Lire avertissement