Liechtenstein credit institution Bank Frick now offers “direct investment” and cold storage of five cryptocurrency, as stated in the press release on February 28, noting that this is the “first” financial institution in the country.
According to Friсk, first of all they are guided by “participants of the professional market and financial intermediaries”, investments and storage – for Bitcoin, Bitcoin Cash, Litecoin, Ripple and Ethereum.
The bank, which was founded in 1998, sought to excel from competition in a tiny European country, introducing a crypto investment and warehouse service, which is “claimed” beyond its borders.
Despite the fact that Bank Frick previously engaged in сryptocurrency products, this step seems to be replicating neighboring Switzerland, where Vontobel and Falcon Private Bank institutions offer access to crypto investments as early as 2016.
Elsewhere in Europe, Rabobank this month in the Netherlands hinted that it might soon start offering a card storage room for cardholders through a product called “Rabobit”. A dedicated website appeared about the project, although employees also noted in social networks that the final decision on its release still remains to be done.