While authorities in the United States are quickly chasing away crypto startups, a different story develops across the Atlantic Ocean. Businesses and clients alike interested in the crypto economy are competing in what’s quickly becoming a heated race. This very well could be the moment crypto adoptions take off in Europe.
SWISS BANK TRIGGERS EUROPE CRYPTO MARKET BOOM
After Swiss bank Falcon Private Bank recently announced it introduced direct transfers of cryptocurrencies for both the institutional and retail market, a number of businesses and retail clients started to investigate this technology in depth. According to Falcon Private Bank, clients can now transfer Bitcoin, Ether, Lincoln and Bitcoin Cash to and from their own, unique “Falcon wallets.” Furthermore, they can convert these cryptocurrencies into fiat currencies o their choice.
EUROPE CRYPTO MARKET WILL MODEL SWITZERLAND
Switzerland has long been generous to cryptocurrencies and this move from Falcon Private Bank further exemplifies this. Falcon easily merged traditional banking services with that of innovative, new blockchain technology. Other banks like Union Bank and Bank Frick have offered similar features in the past and many analysts say, we can expect more of the same in 2019. Is a “crypto spring” fast approaching?
EUROPE CRYPTO MARKET IS READY FOR BOOM; ARE YOU?
If this really is the beginning of a “crypto spring” are you well prepared? You can “hodl” all you want but it’s better to make those holdings work for you than just wait around for the next bull run. Therefore utilize crypto backed lending platforms to your advantage. Take YouHodler for example. This platform features an industry best loan to value ratio of 80%, low-interest rates and more collateral options than you can choose from.
Sign up, request your loan and receive the fiat cash into your wallet all within minutes. You can then turn around and use this money to restructure your portfolio in a way that favors this new, up and coming market we’re in the midst of. Don’t wait before it’s too late. Take out a loan and prepare yourself for profit in the long run.