{"id":11317,"date":"2023-04-05T07:54:02","date_gmt":"2023-04-05T07:54:02","guid":{"rendered":"http:\/\/cryptoheretostay.com\/?p=11317"},"modified":"2023-04-05T07:54:04","modified_gmt":"2023-04-05T07:54:04","slug":"swiss-state-owned-bank-postfinance-to-offer-bitcoin-trading","status":"publish","type":"post","link":"https:\/\/cryptoheretostay.com\/?p=11317","title":{"rendered":"Swiss state-owned bank Postfinance to offer Bitcoin trading"},"content":{"rendered":"<script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"crypto\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script>\n<p>PostFinance, a retail bank fully owned by the Swiss government, is preparing to offer cryptocurrency trading and storage services to its customers.<\/p>\n<p>The PostFinance bank has partnered with the local cryptocurrency bank Sygnum to offer its customers a range of regulated digital asset banking services, the firms announced on April 5.<\/p>\n<p>The partnership will specifically allow PostFinance customers to buy, store and sell major cryptocurrencies, including Bitcoin (BTC) and Ether (ETH).<\/p>\n<p>The crypto services are enabled through Sygnum\u2019s institutional business-to-business offering that provides banks with market entry to regulated and compliant digital products. The B2B network includes more than 15 partner banks and supports a \u201crange of cryptocurrencies,\u201d also featuring revenue-generating services like staking. <\/p>\n<p>PostFinance\u2019s move into crypto comes in response to a growing demand from its customers, the bank\u2019s chief investment officer Philipp Merkt noted, stating:<\/p>\n<p>\u201cDigital assets have become an integral part of the financial world, and our customers want access to this market at PostFinance, their trusted principal bank.\u201d<\/p>\n<p>Founded in 1906, PostFinance is the financial services unit of Swiss Post, which is the national postal service of Switzerland. The public company is known for its pro-crypto stance, building its own crypto custody platform and issuing digital collectibles linked to physical stamps in 2021.<\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Brazil bank BTG Pactual to issue USD-pegged stablecoin<\/em><\/strong><\/p>\n<p>The announcement on PostFinance\u2019s crypto trading services comes shortly after Swiss Post announced the launch of Crypto Stamp 3.0, a new crypto stamp iteration featuring physical and non-fungible token versions integrated with the artificial intelligence technology. Swiss Post\u2019s new crypto stamp is scheduled to go on sale on May 2, 2023.<\/p>\n<p>PostFinance did not immediately respond to Cointelegraph\u2019s request for comment.<\/p>\n<p><strong><em>Magazine:<\/em><\/strong><strong> <\/strong><strong><em>Best and worst countries for crypto taxes \u2014 Plus crypto tax tips<\/em><\/strong><\/p>\n<p><script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"bitcoin\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script><br \/>\n<br \/><a href=\"https:\/\/cointelegraph.com\/news\/swiss-state-owned-bank-postfinance-to-offer-bitcoin-trading\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PostFinance, a retail bank fully owned by the Swiss government, is preparing to offer cryptocurrency trading and storage services to its customers. The PostFinance bank has partnered with the local cryptocurrency bank Sygnum to offer its customers a range of regulated digital asset banking services, the firms announced on April 5. The partnership will specifically [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":11318,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_wp_rev_ctl_limit":""},"categories":[2],"tags":[],"class_list":["post-11317","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin-news"],"_links":{"self":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/11317","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=11317"}],"version-history":[{"count":1,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/11317\/revisions"}],"predecessor-version":[{"id":11319,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/11317\/revisions\/11319"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/media\/11318"}],"wp:attachment":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11317"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11317"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11317"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}