CREALOGIX, a software group in Switzerland, has opened its Invest Crypto app which adds cryptos as well as blockchain information to its Digital Banking hub. This facility authorizes fiscal services companies to incorporate crypto properties on exchanges into transaction, together with the capacity to utilize voice commands in the course of Amazon’s Alexa.
Official communication by CREALOGIX indicates that clients will from now henceforth have the right of entry to inspect their net worth. This is regardless of the client’s location, country, cryptocurrencies or type of possession.
— Blockchain in Banking Summit (@BIBSummitMadrid) May 31, 2018
The use of voice commands
The ‘Invest Crypto Alexa Skill’ platform is largely a conservatory for devices in sync with Amazon’s Alexa, which permits the utility of voice commands to ask for information like values and balances. This is in addition to the potential to carry out trades.
According to Anton Zdziebczok, the Production Director at CREALOGIX UK, blockchain technology and cryptos have had the benefit of high recognition during the previous year. However, financial institutions like banks are still challenged serious hurdles especially with regard to having access to data and providing their clients a clear perception of their crypto properties on a single platform.
The Production Director therefore asserts that CREALOGIX Invest Crypto will allow banks access to an easy incorporation for cryptos and blockchains. This is in response to the demands of clients. In many ways, open banking is all about facilitating a simpler way for clients to administer their money with an all-round view. The time has now come for cryptocurrencies as well as token assets to be part of this technology.
Seamless transition in cryptocurrency trading
CREALOGIX believes that it will now be possible for existing clients to flawlessly changeover into cryptocurrency trading with their current API. Banking institutions and FinTech firms are also in a position of making use of CREALOGIX Invest Crypto as a separate product.
Highlights released by the company indicate an increase in the embracing of cryptocurrencies in the conventional global financial institutions in the United Kingdom. In light of this, Barclays has collaborated with Coinbase, thus giving the crypto exchange the right to use to its Faster Payments Scheme in the United Kingdom.
Additionally, CREALOGIX received the approval from regulators in the UK, with the e-money authorization being granted approval. It is also vital to note that the United Kingdom’s Chancellor of the Exchequer announced that a task force had been set up to assist in looking at the potential recompense of crypto assets. This is very good news to proponents of cryptocurrencies in the UK.