PostFinance has announced a partnership with Sygnum Bank to offer crypto services to its customers. The move is seen as a sign of the growing acceptance of cryptos by traditional financial institutions.
PostFinance is among the leading financial institutions in Switzerland. It is the reliable partner of more than 2.5 million private and business customers who want to manage their finances independently.
The subsidiary of Swiss Post was planning to offer its 2.5 million customers the opportunity to buy Bitcoin and Ethereum.
According to the announcement, PostFinance customers will be able to buy, hold and sell cryptos directly from their PostFinance accounts.
To offer this new financial service, PostFinance is partnering with a regulated digital asset player, Sygnum Bank, and will thus leverage its B2B platform. The partnership is in response to customer demand for crypto.
As a fully regulated digital asset specialist with a Swiss banking license, Sygnum is one of the few banks in the world that can offer a secure bridge between traditional finance and digital assets,” claims Sygnum Bank.
This development is a significant step forward as it is a major financial institution. It also offers a new level of convenience to PostFinance customers who wish to invest in cryptos, as they will be able to do so directly from their existing bank accounts.
PostFinance’s partnership with Sygnum Bank to offer crypto services could potentially pave the way for greater adoption and integration into the traditional financial system.