Some efforts have already been made in China to emancipate itself from the SWIFT payment network. However, a source has now emerged that announces a joint venture between the Chinese central bank and the payment network. The motives are still in the dark.

Swissquote announces the extension of the crypto service for its customers from 21st March. While previously only the trade with the Top 5 was possible, customers should be able to safe deposit crypto assets with Swissquote and transfer them to wallets as of the end of March. The service is aimed at both institutional and private investors.

The Swiss bank Swissquote is not an empty hand in terms of Bitcoin & Co. Finally, the financial house based in Gland has been offering a trading platform since mid-2017. Since then, the finance company has been working continuously on expanding the service.

As the online bank announces, Swissquote is now going one step further. According to a press release, as of March 21, customers can withdraw crypto assets from the bank’s depositary at will and deposit them on their own wallet – and vice versa.
Security infrastructure improved

Crypto asset custody is considered tricky. Because as an owner, only the one who has the private keys to Bitcoin & Co. can be defined. So should customers choose to put their digital assets in the hands of Swissquote, they should be able to rely on their deposits being secured. For this purpose, the bank cooperates with Crypto Storage AG.

Spanish bank giant Banco Santander has signed a technology agreement with IBM. The deal, which is expected to cost $ 700 million, provides for the bank to use the technology company’s blockchain infrastructure.

It is an elephant wedding as it is in the book: The Spanish banking giant joins forces with the technology group IBM to make common cause. In order to broaden its sphere of influence, Banco Santander said in a press release available to BTC-ECHO, it intends to use IBM technology in the future. With the signing of the contract, Banco Santander is now under the technological hood of IBM for the next five years.