The saying, " If you cannot beat them, then join them is becoming obvious in the near future as haters like big banking groups, Government regulatory agencies and old business thinkers are beginning to understand that to take out cryptocurrency requires more than creating fud and calling bitcoin fraud or other sort of techniques to create unneccessary uncertainty in the market. This is evident in Jamie Redman news update in bitcoin news titled "Dutch Bank That Once Called Bitcoin ‘High Risk’ Considers Building Crypto-Wallet"
Rabobank Investigates the Idea of Introducing a Cryptocurrency Wallet to Its Online Banking Environment
This week the Dutch institution, Rabobank, the second-largest bank in the Netherlands in terms of total assets revealed it may introduce a cryptocurrency wallet called “Rabobit.” The wallet idea is one of 22 concepts introduced in Rabobank’s internal Moonshot acceleration program. At the moment the idea is to host a cryptocurrency wallet that’s tethered to the company’s online banking environment. Rabobank says right now company employees are researching the benefits and risks tied to implementing a digital currency wallet.
Read up all from source here
More so, interestingly in this same report, "Rabobank Recently Declared Customers Who Trade Bitcoins ‘High Risk’"
Just recently Rabobank warned that customers who trade bitcoins using their accounts were dealing with certain risks. Further, account holders who trade cryptocurrencies would be classified as “high risk” customers.
“Bitcoins are considered to be risky products. Customers who trade in high-risk products can have a higher risk profile. It is conceivable that companies that deal with cryptocurrencies are seen as too risky and can therefore not be accepted as a customer,” Rabobank stated on February 2.
quote
*Ownership and value transfer are completely anonymous and evade supervision by third parties, such as a government. Which means that cryptocurrency does not meet the highest standards of compliance set by Rabobank.
*unquote
Even though the bank representatives state there is no official decision to introduce the wallet just yet, it seems the company is changing its mind about cryptocurrencies, and may be friendlier toward the technology in the near future.
From the above, it is obvious that Rabobank's management now understands the need to join the winning team early and support bitcoin and cryptocurrency rather than warn customers against crypto and the disruptive technology it brings. Good enough their strategy of creating Fud is becoming old school and does not deter hardcore crypto enthusiasts from investing more in crypto. More so since crypto is backed by strong growing community, it is becoming evident to them that bitcoin, steem , ethererum, elyte and other decentralized cryptocurrencies are here to stay as such, since they cannot win them, the only option is to join them before it is too late.
The question is do you think that most banks should start buying the idea of creating crypto wallet. What are your own thoughts on this? Send in your comments, retweet and follow for more. Do also please upvote to show support if you like this post.
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