- The Swiss banks are issuing crypto-related services some of the named as BTC escrow, SEBA and much which based in the capital of Switzerland, Zurich.
- SEBA is not the first bank to the enter crypto path, a private bank named Falcon Group launched BTC management services as well in early 2017.
In the controversy of whether there will be the implementation of usage of crypto in the world, the Swiss banks are issuing crypto-related services some of the named as BTC escrow, SEBA and much which based in the capital of Switzerland, Zurich.
The banks have provided an array of crypto tokens to its users. They also have given out business cards similar to the working of Coinbase, the secure wallet, the tokens or assets inside this card can be exchanged for Swiss Currency debits.
For this project, an approximate value of 100 million francs ($103.4 Million) has been invested or raised from angel investors one of them including Heihe Asset management founder Schwarzenbach as a report by SEBA chief exec Guido Buhler.
The Swiss banks which have issued the crypto-related services have also launched an App alongside to make the transactions for users easy convenient and can operate reportedly.
The users will be able to buy tokens, make payments in crypto supported stores and also do trading with the same App. The App can read real-time market movements all thanks to the newly enabled secure API backlink to the App.
SEBA is not the first bank to the enter crypto path, a private bank named Falcon Group launched BTC management services as well in early 2017. The World Economic Forum was drawn to this and has called the act of bank as an emerging trend.
SEBA is said to stand out from other banks as unique because other than providing crypto-related services. They also offer beneficiary services such as holding other currencies such as USD, GBP, EUR and much for which these can trade or exchange to Crypto assets.
The account for investing under these banks can be done remotely, thanks to internet. The new account will be provided within 15 minutes to the top investors. SEBA has focused on both general customers and also on top investors as well.