Liechtenstein-based Bank Frick is now giving its clients the ability to buy Bitcoin, Bitcoin Cash, Litecoin, Ripple, and Ethereum, while also promising to secure their cryptocurrency purchases from cyber attacks with backed-up cold-storage wallets.
You Don’t Have to ‘Be Your Own Bank’
While many of Europe’s larger banks have taken a negative stance towards digital currencies, Bank Frick – a small independent family-run bank in Liechtenstein – is opening its doors to clients looking to invest in the young cryptocurrency market. Explained Chief Client Officer Hubert Büchel:
Our services are in high demand from companies across Europe. The companies know that we reliably support them in implementing their cryptocurrency and blockchain business models in accordance with existing European regulations. Our goal is to bring crypto banking at least to the level of quality of classic banking.
According to ZeroHedge, Bank Frick is also protecting clients’ cryptocurrencies with cold storage wallets – widely considered to be the safest option for protecting cryptocurrency investments long-term, thanks to their offline nature. Additionally, backup copies of clients’ wallets will be stored in a “geo-redundant and secure manner.”
Bank Frick& …
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