15 Jul '17, 12pm

Swiss bank becomes first to offer bitcoin to its richest clients

Bitcoin is becoming ever more popular Thomas Trutschel/Getty By Timothy Revell A Swiss bank is now offering to buy bitcoins for its clients. As of Wednesday, investors can ask their asset manager at Falcon Private Bank , a boutique investment firm headquartered in Zurich, to purchase and store bitcoin on their behalf – a first for conventional banks. Despite the cryptocurrency’s infamous volatility, this is another indication that is here to stay. “We have various clients that are interested in buying bitcoin for investment purposes, and we’re making it very convenient for them,” says Arthur Vayloyan, the global head of products and services at Falcon. Because Falcon will be doing the buying and storing of the digital coins, its customers won’t require any specialist knowledge to switch their cash into bitcoin . The Swiss financial authority, FINMA, granted Falcon regulato...

Full article: https://www.newscientist.com/article/2140710-swiss-bank-b...

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Bitcoin is becoming ever more popular Thomas Trutschel/Getty By Timothy Revell A Swiss bank is now offering to buy bitcoin...

Swiss bank becomes first to offer bitcoin to it...

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Bitcoin is becoming ever more popular Thomas Trutschel/Getty By Timothy Revell A Swiss bank is now offering to buy bitcoin...

via @Cointelegraph

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