Zurich-based private bank Maerki Baumann will start working with digital assets received by financial institution customers as payment for services or earned with the help of mining.
Maerki Baumann will be the second bank in Switzerland working with cryptocurrencies. So, a year ago, for the first time in the history of the country’s banking industry, the country offered its customers services for managing Bitcoin-assets of Falcon Private Bank.
According to representatives of Maerki Baumann, the decision was a response to the growing demand of customers for this type of services. However, the financial institution at this stage will not offer the possibility of direct investment in new assets. Nevertheless, interested users will be able to consult the relevant experts with the bank’s experts.