Hey Steemitians
With all the fud happening in the cryptocurrency market, I like to focus on all the positive news that continues to be released despite the recent drop.
A ray of sunshine in the darkeness :)
A Swiss bank, Falcon Private Bank becomes the first bank in the world to offer clients a bitcoin buying option. On wed july 12 clients can now ask there asset manager to purchase and store bitcoin for them. I think this speaks volumes about where bitcoin and cryptos are headed. Despite the mayhem of the segwit or split dilemma that has caused the price to fall recently, adoption continues to march forward without concerns.
“We have various clients that are interested in buying bitcoin for investment purposes, and we’re making it very convenient for them, says Arthur Vayloyan, the global head of products and services at Falcon"
Customers don't need to worry about how to store or transfer from cash to bitcoin because the bank will take care of that for them. FINMA, the Swiss financial authority has already granted Falcon its approval on Tues July 11.
I know many believe that centralizing bitcoin in a bank opens itself up to attack, but lets face it. Banks will have a way of keeping it safe and I'm sure customers would be taken care of in the event an attack occurred. I don't foresee a mount Gox event ever happening with a reputable bank.
