The banks around the world are becoming more and more friendly to cryptocurrencies. Whether by necessity – due to the appearance of competitors – whether by the fact that cryptocurrencies have reached the mainstream, many banks in more competitive markets are looking at blockchain initiatives.
The Toshi Times portal brought some examples of cryptocurrency-friendly banks. See what they are:
Luno offers wallet
Luno offers a bitcoin wallet service, which already has a customer base located in 40 countries. The service also allows the purchase and sale of cryptocurrencies.
Wirex has UK-regulated account
Headquartered in London, the Wirex focuses on the purchase, sale and storage of cryptoassets. The institution allows customers from all over the world to open an account approved by the UK Financial Conduct Authority, including a debit card.
In addition to being able to manage cryptocurrencies like bitcoin, ethereum and litecoin, customers can make crypto-to-crypto and crypto-to-fiat conversion. The company also offers fast payment service.
Bitwala emerged from difficulties with the banks
Bitwala was a pioneer in the use of cryptocurrencies and even had an account terminated because of it. This was the trigger for the company to create a solution for other people who faced the same problem. The company is still constituted according to the German banking Law and is used by residents in the country.
LHV Bank is one of the largest banks in Estonia
The LHV Bank is one of the largest banks in Estonia – and also of Europe as a whole. After an initial partnership with Coinfloor, the LHV Bank closed an agreement with Coinbase, one of the world’s largest exchanges. The bank uses a blockchain for its operations and to improve the experience of its customers.
Ally Bank is aimed at customers in the USA
Ally Bank is geared toward crypto holders who live in the United States and would like to stay with their traditional banking services. The institution is regulated by U.S. law, which gives customers tranquility. The bank is also linked to Coinbase and has a digital platform
