Raiffeisen Bank International to Launch Crypto Trading Services for Retail Customers

According to CoinDesk, Austria's Raiffeisen Bank International plans to introduce cryptocurrency trading services for retail customers by the end of January 2024.

Initially, the service will be available to customers in Vienna, where the bank is headquartered, in partnership with cryptocurrency exchange Bitpanda.

The two companies signed a letter of intent earlier this year.

Curt Chadha, the bank's head of innovation, explained that customers can access BitPanda through the Raiffeisen app on their mobile devices, offering a familiar experience with the same level of security as account-to-account bank transfers.

The bank, which has $215 billion in assets and 7.8 million customers across the European Union and eastern Europe, sees this move as a sign of increasing crypto adoption, especially in areas with clear regulatory guidelines.

Chadha stated that the service targets digitally savvy customers who may only want to make small investments, unlike other banks' offerings aimed at wealthy individuals with millions to invest.

Bitpanda, founded in Vienna in 2014, is supervised by the FMA in Austria and BaFin in Germany, allowing companies to provide regulated trading, investment, and custody services for stocks/ETFs, cryptocurrencies, precious metals, and commodities.

Comments

Cryptocurrencies Adding to the Safety and Security in the UK Gambling Industry

These are exciting times for the UK gambling industry. The impact of internet technology is now being felt with online gambling now controlling the industry. The adoption of cutting-edge technology is reasonable for the boom in the industry. From live casinos, mobile apps to artificial intelligence, incredible trends continue shaping the gambling industry. However, it is the rise of cryptocurrency casinos that seeks to redefine UK gambling. Many operators now include crypto coins such as bitcoin, Ethereum and Litecoin as part of their banking methods. Others offer exclusive bitcoin payments and promotions based on digital tokens. This revolutionary trend has a huge impact due to enhanced safety and security on these platforms. Players looking for peace of mind when playing online now opt to use cryptocurrencies. This post looks at how cryptos guarantee the safety and security of players at online casinos. How Cryptocurrency Gambling Works There’s a lot of talk ab...

Coinbase to Require Recipient Information for Crypto Transfers From Users in Canada, Singapore and Japan

Customers in those countries who send crypto outside their Coinbase accounts must provide recipients’ names, addresses and in some cases, additional information, as of early April. Cryptocurrency exchange Coinbase Global (COIN) will soon require its customers in Canada, Japan and Singapore who send cryptocurrency to another financial institution or exchange to provide the name, address and in the case of Japan, the destination wallet of the recipient. Coinbase has been sending notices to its customers in those countries that the changes will take effect in early April in order to comply with local travel rules in those places. Coinbase didn't immediately respond to requests for additional comment on the moves, but confirmed that they were taking place. The move does not seem to be going over well with Coinbase customers in those countries, who value the anonymity of transactions using cryptocurrency. According to a FAQ provided by Coinbase , for Canadian users, ...

Quomodocunquize

Definition: " To make money in any way possible . ” Example: Rather than quomodocunquizing, invest your money wisely . Please, please, please use a hardware cold wallet like Ledger . It's a cold wallet , cold = not exposed to internet = only your hardware device . ... Use Ledger as cold storage . Too many people spend money they earned..to buy things they don't want..to impress people that they don't like. --Will Rogers A wise person should have money in their head, but not in their heart. --Jonathan Swift Wealth consists not in having great possessions, but in having few wants. --Epictetus Money often costs too much. --Ralph Waldo Emerson Everyday is a bank account, and time is our currency. No one is rich, no one is poor, we've got 24 hours each. --Christopher...

Crypto Ethone

Search This Blog