Switzerland is moving towards a decentralized economy! | Author: Dwayne D’cunha | The Capital | July 2021
In the past few months, many Swiss banks have upgraded their encryption services, such as SEBA, it added There are also 3 DeFi tokens Including digital currencies such as Bitcoin, Bitcoin Cash, Ethereum and Ripple, as well as some legal currencies. These DeFi tokens belong to Synthetix (SNX), UniSwap (UNI) and Year.finance (YFI).
Except for SEBA, Sygnum is Serving Start token custody and trading in the DeFi field, such as Maker, Synthetix, UniSwap, etc. The bank is working to increase other derivatives that benefit banks, hedge funds and other customers.
Sygnum and SEBA have advantages over other banks because they have already provided encryption-related services.
But this did not hinder things like Spanish Foreign Bank(Banco Bilbao Vizcaya Argentaria) Switzerland to Provide trading and custody services To its customers, especially private banking customers. This transaction and custody service is more focused on Bitcoin. In addition to allowing customers to automatically convert between Bitcoin and fiat currency. This is the beginning of a broader cryptocurrency approach, as more will be added in the future.