A private bank that is headquartered in Liechtenstein announced that its esteemed customers would have the ability to invest in the cryptocurrencies directly. Bank Frick has seen this is where investments are moving towards and want to be a part of it. According to the bank, it will offer the current account holders a means of purchasing about five different cryptocurrencies in the market; these will later be held in a cold storage in the banking platform.
If you don’t already have an account with this bank, it is time you did. It is a desirable investment opportunity that has presented itself, and it will be sad if you don’t take advantage of it.
Liechtenstein Bank Moving To Direct Crypto Investment
Bank Frick is based in Liechtenstein, a banking firm that offers its wide range of international clientele financial services. The journey of cryptocurrency in the bank began on February 28, when the bank announced it is also moving to direct cryptocurrency investment. They further stated the digital assets acquired would be kept in their cold storage that will be under the bank’s direct supervision.
The bank will first start with five cryptocurrencies; that is Bitcoin Core, Litecoin, Bitcoin Cash, Ethereum, and Ripple. As these digital assets will be under the bank's direct supervision, then you are assured your coins are safe, and your investment could not be in a better place.
Traditional Banking Verses Crypto Banking
The bank hopes it will be able to offer the market makers and institutional traders stronger protection from the occasional theft, together with the traditional regulations that are applied to the other types of assets. A good example is, the banks says that all the funds will be separated from the internet, with the use of cold storage, just to ensure your investments are not hacked into.
Additionally, the company will also ensure the various crypto trading activities, and the multiple account holders adhere to the laws of Liechtenstein and EU/EEA. So to begin with all the parties interested in this investment opportunity will have to start with a verification process. For this project to be a success, caution needs to be taken from the initial transaction.
Once you are fully identified, just to ensure the bank is keeping fraudsters at bay, you can go ahead and invest. The verification process will also be looking into the origin of your money that you will use in the investment; only clean money will be invested in the platform.
The bank's services have gained severe popularity, the reason being, most invested parties, have noted the company is able to offer reliable support; this is from implementing their business models with blockchain and the various cryptocurrencies. Additionally, with the regulatory framework put in place, the banks aim at placing the crypto banking at the same level if not higher than the traditional banking.
Bank To Open Crypto Investment Platform Conclusion
Bank Frick has been around for several years, so getting into the crypto banking sector should not be such a challenge for them. They have been able to gain the needed experience in the banking sector, raising a lot of confidence in the new investment product they have offered. Additionally, with the security measures they have put in place, your investment could not be in better hands, so go ahead and get verified and start investing.