Germany’s biggest savings bank Sparkasse is planning to enable its clients to buy, sell, and hold bitcoins. According to various media sources, the bank is already working toward the mentioned goal and will possibly launch the service in 2022.
Read CRYPTONEWSLAND onThis ongoing project of Sparkasse was previously confidential, although German publication Finance Forward revealed the details today. Earlier, the bank has been very cautious of cryptocurrencies and has been informing its customers of risks associated with this type of asset.
Many consider this news as an important development in the crypto space, especially since Sparkasse has been around in the banking sector for hundreds of years. In fact, it has around 370 branches with a total customer count of more than 50 million.
At the moment, Sparkasse has yet to reveal whether it will offer this feature across all of its branches in all cities in Germany.
Meanwhile, Bitcoin price is still needing additional boost for it to flip the $50,000 resistance into support.
Despite opening the day within the $50,000 price level, Bitcoin price is drifting further below the line. At the time of writing, Bitcoin price is at $47,591.88, according to CoinGecko.
🎮💥 Dive into the future of #CryptoGaming with top picks like #IQProtocol, #XRaise, and #PARSIQ…
🚀📈 #CryptoUpdate: Pantoja predicts massive gains for #Bitcoin & #SHIB in the next bull cycle!…
📉💥 #CryptoCrash Today's market sees major losses, with #Solana and #ShibaInu leading the downturn. What's…
Solana co-founder Raj Gokul champions memecoins, stressing their importance amid evolving crypto landscapes. #Cryptocurrency #Solana
Popular #crypto analyst #EgragCrypto forecasts $200 trillion #totalmarketcap for crypto while spotlighting VRA's potential surge.…
zkSNACKs joins Acinq in withdrawing from the US amid heightened regulatory scrutiny of self-custody crypto…