The global banking system is expanding its awareness about blockchain’s technologies and is ready to adopt the experience rapidly entering every aspect of our life.
The opening of accounts and performing calculations
Swiss banks as Falcon Private Bank, Hypothekarbank, Maerki Baumann Private Bank have been gradually move to their activity of crypto currency, starting small.
The first one decided to deposit bitcoins and carry out the operations in their sale in the system, the second bank gave opportunity for opening of accounts for companies, those work on blockchain platform and manage in crypto currency and the third one works with crypto currency, that had by Mining or payment for goods and services.
The banks are not ready to consider crypto currency as means of long-term investment, despite the introduction of this in their list of their activity. Although, Switzerland has successful example of adaptation and integration of Blockchain in the different areas of economic and social life, but the bank system takes it with extreme caution.
As you know, the Swiss canton Zug is the center of emergence of the Swiss ecosystem. That’s where, Crypto Valley’s Association was established in 2017. It is driver of development of modern technologies and adoption of innovative solutions in the blockchain’s sphere. It’s one of world’s leader for the implementation of project and has decentralized structure. Because of association’s pace, Swiss banks have good perspectives for rapid increasing for banking transactions with crypto currency. The experts of Association promote the development of right field and stimulation of regulators.
The British Community, represented by Investment Bank Barclays, also is keeping up with the times and is making meaningful steps in direction of the establishment of trading platform. First on this way was the decision about adoption of amounting crypto exchange Coinbase as its customers.
Investment and own assets
The Banks of Lichtenstein lead more ambitious politics in development of crypto activities. This spring Bank Frick started to propose its clients the investment in the main crypto currency: Bitcoin, Lightcoin, Bitcoin Cash, Ripple и Ether. The financial structure can see big potential of crypto and their priority is company support, that work using sophisticated methods.
Union Bank AG, Liechtenstein is serious about assuming a global leadership role in working with blockchain’s activity. The Bank is going to release security-tokens, which should provide the production of new and reliable currency, Union Bank Payment Coin.
The Bank stated its intention to become the first investment block-bank, which will establish optimal conditions for its customers of doing business. All banking activities will be transferred to the blockchain for this purpose. In pursuit of that aim the financial institute wants to do it with support of Swiss Verum Capital AG.
Securities Market
The Australian bank Commonwealth Bank of Australia in common with the World Bank have initiated issue negotiable instruments based on Blockchain. For today it is the first in the world such public issuance. According to Reuters the total amount is estimated at 73 mln USD. Maximal tenor of bonds is 2 years, and the return is 2,5%. The start of issuance is scheduled for August,28. The financial instrument was named Bondi, which stands for new debt instrument, operated by Blockchain. The issuance of bonds based on Blockchain platform will minimize amounts of time, financial and work resources, will let to automate process, and will transfer all actions to online and save all references to the agreements in the data base.
In the nearest future, network Freldo transfer to using Blockchain technologies. Thanks to these modern technologies, it will be possible to establish direct communication between the seller and the buyer, excluding any interference or influence of intermediaries. Blockchain and smart contracts will create a new kind of marketplace where the principle of equality of parties to the deal operates, which will lead to changes in existing markets. Development of new opportunities is the right way to success, and many who chose it will confirm this to you.
Crypto industry is diverse and multiple and every day opens newer and newer possibilities towards the use of boundless expanses. Many people understand how to carry out useful and effective the living processes with help of Blockchain and crypto currency.
The meaning of such direction is growing every day, startups are glad to adopt the new technologies in promotion and development their product/services, business minimizes the costs and increases popularity, gaining a positive reputation among the population.
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From @freldo