Private bank #Bordier will use Sygnum company's B2B banking platform to provide #Bitcoin services to its customers.
Geneva-based private bank Bordier & Cie SCmA, founded in 1844, announced that it would be included in the cryptocurrency market. Private bank Bordier will use #Sygnum company's B2B banking platform to provide Bitcoin services to its customers.
🚨Bordier & Cie and Sygnum Partnership
Customers other than Bitcoin, the world's largest digital asset; Through Sygnum, it will be able to transact with cryptocurrencies such as Ethereum, Bitcoin Cash and Tezos (XTZ). The cryptocurrency service integration decision stems from increased customer demand. According to the bank, the increasing market value of the cryptocurrency industry has made the digital currency a powerful tool for best-performing asset class and portfolio diversification. However, especially due to the increasing popularity of Bitcoin and its potential to protect against inflation, the bank has adopted a strong corporate adoption principle by defining BTC as an alternative investment.
Evrard Bordier, managing partner of Bordier & Cie SCmA, announced that they will expand the partnership with Sygnum Bank, stating that Bitcoin is a "high-growth asset class". According to Bordier, Sygnum will enable customers to diversify their investments by offering integrated solutions.
🚨Cryptocurrency Friendly Country Switzerland
In August 2020, Sygnum set up an e-commerce system with stablecoin service on one of Switzerland's largest retail platforms. In recent years, Swiss cryptocurrency investors have become a frequent destination. Previously, regional officials announced that they would accept Bitcoin and Ethereum for tax payments from February. Maerki Baumann & Co. Some state banks and private banks such as InCore Bannk, Basler Kantonalbank are already providing cryptocurrency services to their customers. Last year, the Swiss Financial Market Supervisory Authority (FINMA) authorized InCore bank to conduct digital asset transactions. Switzerland is trying to create a cryptocurrency friendly environment in the EU banking sector.