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.
#CYBRO stands out as a unique marketplace on the Blast blockchain, designed to help users…
Unlock the potential of #Bitcoin beyond currency. CEO Neil Bergquist reveals its role in reshaping…
🚀🌐 The meteoric rise of Real World Asset (RWA) cryptocurrencies is reshaping the crypto world!…
📰🔍 Dive into the crypto conversation shaping the 2024 US elections! Debates, voter preferences, and…
The crypto market is experiencing a surge in 2024, drawing attention to select cryptocurrencies that…
#Coinbase grapples with system-wide outage, raising questions about #cryptoexchange resilience. Insights & implications revealed. #Crypto