The International Business Times acclaims the cryptocurrency advancement, however, maintained that digital wallet are working still better. Meanwhile, Falcon was keeping an eye to this: Following this the bank recently revealed to offer direct transfer for selective digital currencies right from their segregated Falcon wallets.
Also, Falcon claims that they are the “First Swiss Bank to announce direct crypto transfers”. The company offers Digital wallet availability for private as well as institutional clients to store bitcoin, Ethereum, bitcoin cash, and Litecoin.
The user can now also covert these cryptocurrencies into fiat anytime. The platform states that this service makes blockchain assets “entirely bankable,” noting:
Clients can place trading orders conveniently through e-banking or a dedicated relationship manager. Digital assets are included in portfolio statements as well as in tax reporting documents.
Falcon has also planned a process which makes sure the compliance with AML and KYC regulations. Moreover, it is not the only Swiss bank showing interest in crypto asset management for Digital Wallet. Vontobel bank is the third-leading financial custody provider operating in Switzerland.
In mid-January this year, they recently introduced Digital Asset Vault, which is a new crypto assets custodian solution. Also, in the previous month, Gazprombank, basically a Swiss subsidiary reveals their plans on creating cryptocurrency connecting bank services in 2019 specifically for financial institutions, institutional clients, along with other corporate participants of the crypto-ecosystem.