• Coins MarketCap
    • Coins MarketCap
    • Crypto Calculator
    • Top Gainers and Loser of the day
  • Crypto Exchanges
  • Bitcoin News
  • Crypto News
    • Cryptocurrency
    • Blockchain
    • Finance
    • Investing
    • View all latest Updates regarding crypto
Friday, June 9, 2023
WIREOPEDIA
No Result
View All Result
Contribute!
CONTACT US
  • Home
  • Breaking News
  • World
  • UK
  • US
  • Entertainment
  • Business
  • Technology
  • Defense
  • Health Care
  • Politics
  • Strange
  • Crypto News
WIREOPEDIA
  • Home
  • Breaking News
  • World
  • UK
  • US
  • Entertainment
  • Business
  • Technology
  • Defense
  • Health Care
  • Politics
  • Strange
  • Crypto News
No Result
View All Result
WIREOPEDIA
No Result
View All Result
Home Blockchain

German banking group “Sparkasse” confirms rumours–wants to launch a crypto wallet

wireopedia memeber by wireopedia memeber
December 14, 2021
in Blockchain, Crypto, Crypto Market, Cryptocurrency, Finance, Investing, Market
0
German banking group “Sparkasse” confirms rumours–wants to launch a crypto wallet
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter

Sparkasse’s secret project was confirmed–the network of 370 savings banks across Germany is planning to give 50 million people exposure to crypto.

You might also like

EU’s Crypto Law MiCA Receives Publication In Official Journal

Price analysis 6/9: BTC, ETH, BNB, XRP, ADA, DOGE, SOL, MATIC, LTC, DOT

SEC can’t find Binance CEO Changpeng Zhao, asks court for ‘alternative service’

The country’s leading banking group is working on enabling customers access to crypto–directly from their current banking account, ​​Finanz Szene reported.

Sparkasse’s crypto wallet project revealed

According to the report, Spakasse’s crypto wallet would enable customers to access Bitcoin, Ethereum and other cryptocurrencies–without having to use one of the big crypto exchanges.

This would lower the barriers for Sparkasse customers, who wouldn’t need to go through additional authentication processes in order to use the crypto wallet feature.

“The interest in cryptocurrencies is enormous, the Sparkassen-Finanzgruppe also sees it,” said Alexander Hartberg, spokesman for the German Savings Banks and Giro Association (DSGV), who confirmed the pilot project.

According to Hartberg, an in-house subcontractor that specializes in payment solutions within the Sparkassen-Finanzgruppe, S-Payment, is in charge of the project “carried out to determine which possibilities and risks a wallet, in which Sparkasse customers can safely store cryptocurrencies, offers.”

“The project team prepares decisions in the committees of the Sparkassen-Finanzgruppe in the first half of 2022,” added Hartberg, noting that the project is yet to be greenlighted.

Could the wallet launch in 2022?

The service could be launched in the coming year, but before that, individual bank committees have to reach their decisions–after all, the 370 branches in the group function as independent banks.

Several technical details remain to be clarified–for example, does S-Payment or another Sparkasse player apply for a crypto custody license from Germany’s financial regulatory authority–Bafin?

Whether the savings banks will take the custody into their own hands or commission an external service provider to do so, remains to be revealed.

The previously secret project would be the first of its kind in the European banking landscape and due to the banking group’s large user-base, its impact could be enormous.

Similar projects from other major financial institutions in Germany, such as Commerzbank or Deutsche Bank are not known.

The post German banking group “Sparkasse” confirms rumours–wants to launch a crypto wallet appeared first on CryptoSlate.

Read Entire Article
Tags: BlockchainCoin SurgesCryptocurrenciesCryptoslateMarket StoriesTrading
Share30Tweet19
wireopedia memeber

wireopedia memeber

Recommended For You

EU’s Crypto Law MiCA Receives Publication In Official Journal

by wireopedia memeber
June 9, 2023
0

The European Union’s Markets in Crypto Assets law (MiCA) has been published in the Official Journal of the European Union (OJEU), marking the beginning of the implementation of...

Read more

Price analysis 6/9: BTC, ETH, BNB, XRP, ADA, DOGE, SOL, MATIC, LTC, DOT

by wireopedia memeber
June 9, 2023
0
Price analysis 6/9: BTC, ETH, BNB, XRP, ADA, DOGE, SOL, MATIC, LTC, DOT

Stock markets are showing strength, and selling by crypto traders has taken a pause Is this a sign that Bitcoin and

Read more

SEC can’t find Binance CEO Changpeng Zhao, asks court for ‘alternative service’

by wireopedia memeber
June 9, 2023
0
SEC can’t find Binance CEO Changpeng Zhao, asks court for ‘alternative service’

The Binance CEO is rumored to be in Dubai, but with no known base of operations, the SEC wants permission to serve his

Read more

Avalanche Approaches Vital Support Level, What Comes Next?

by wireopedia memeber
June 9, 2023
0
Avalanche Approaches Vital Support Level, What Comes Next?

Avalanche (AVAX) has experienced a bearish trend over the past few months, particularly after being rejected from the $1750 price level This rejection has allowed the bears to...

Read more

Robinhood to Delist Cardano, Solana, and Polygon Amidst SEC Regulatory Pressure

by wireopedia memeber
June 9, 2023
0
Robinhood to Delist Cardano, Solana, and Polygon Amidst SEC Regulatory Pressure

Fintech and crypto firm Robinhood has announced the delisting of cardano (ADA), solana (SOL), and polygon (MATIC) on June 27, 2023 This development comes after the publicly-listed company...

Read more
Next Post
Machine Gun Kelly Says The Only Reason He Starred In “Midnight In The Switchgrass” Was So He Could Meet Megan Fox

Machine Gun Kelly Says The Only Reason He Starred In "Midnight In The Switchgrass" Was So He Could Meet Megan Fox

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Related News

Number of devs increased during crypto winter: Electric Capital report

Number of devs increased during crypto winter: Electric Capital report

January 18, 2023
CFTC official says anonymity in crypto is a national security risk

CFTC official says anonymity in crypto is a national security risk

April 25, 2023
Teenager charged with sexual assault of two girls

Teenager charged with sexual assault of two girls

April 25, 2023

Browse by Category

  • Blockchain
  • Breaking News
  • Business
  • Crypto
  • Crypto Market
  • Cryptocurrency
  • Defense
  • Entertainment
  • Finance
  • Health Care
  • Investing
  • Market
  • Politics
  • Strange
  • Technology
  • UK News
  • Uncategorized
  • US News
  • World
WIREOPEDIA

Wireopedia is an automated news feed. The Wireopedia AI pulls from sources with different views so you can see the various sides of different arguments and make a decision for yourself. Wireopedia will be firmly committed to the public interest and democratic values.

Privacy Policy     Terms and Conditions

CATEGORIES

  • Blockchain
  • Breaking News
  • Business
  • Crypto
  • Crypto Market
  • Cryptocurrency
  • Defense
  • Entertainment
  • Finance
  • Health Care
  • Investing
  • Market
  • Politics
  • Strange
  • Technology
  • UK News
  • Uncategorized
  • US News
  • World

BROWSE BY TAG

Bitcoin Bitcoinist Bitcoinmagazine Blockchain Blockonomi Breaking News Business BuzzFeed Celebrity News Coin Surges Cointelegraph Cryptocurrencies Cryptoslate Defense Entertainment Health Care insidebitcoins Market Stories newsbtc Politico Skynews Strange Technology Trading UK US World

RECENT POSTS

  • Donald Trump indicted on 37 felony counts
  • ‘Backpack hero’ used bag as shield to chase knifeman who stabbed British girl
  • EU’s Crypto Law MiCA Receives Publication In Official Journal
  • Price analysis 6/9: BTC, ETH, BNB, XRP, ADA, DOGE, SOL, MATIC, LTC, DOT
  • 19 Actors Who Accused Their Costars Of Behaving Like Monsters On-Set

© 2022 WIREOPEDIA - All right reserved.

No Result
View All Result
  • Home
  • Breaking News
  • World
  • UK
  • US
  • Entertainment
  • Business
  • Technology
  • Defense
  • Health Care
  • Politics
  • Strange
  • Crypto News
  • Contribute!

© 2022 WIREOPEDIA - All right reserved.

  • bitcoinBitcoin(BTC)$26,396.00-1.98%
  • ethereumEthereum(ETH)$1,838.03-2.17%
  • tetherTether(USDT)$1.000.00%
  • binancecoinBNB(BNB)$259.92-6.79%
  • usd-coinUSD Coin(USDC)$1.000.03%
  • rippleXRP(XRP)$0.52-1.26%
  • staked-etherLido Staked Ether(STETH)$1,836.31-2.23%
  • cardanoCardano(ADA)$0.323843-6.58%
  • dogecoinDogecoin(DOGE)$0.067767-2.81%
  • solanaSolana(SOL)$18.62-7.75%
  • matic-networkPolygon(MATIC)$0.76-5.51%
  • tronTRON(TRX)$0.076773-2.38%
  • litecoinLitecoin(LTC)$88.44-2.16%
  • polkadotPolkadot(DOT)$5.02-3.30%
  • binance-usdBinance USD(BUSD)$1.000.00%
  • avalanche-2Avalanche(AVAX)$13.92-4.91%
  • shiba-inuShiba Inu(SHIB)$0.000008-2.41%
  • daiDai(DAI)$1.00-0.11%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$26,423.00-1.92%
  • uniswapUniswap(UNI)$4.56-4.13%
  • chainlinkChainlink(LINK)$5.94-4.26%
  • cosmosCosmos Hub(ATOM)$9.44-6.21%
  • okbOKB(OKB)$44.39-1.75%
  • stellarStellar(XLM)$0.087423-1.99%
  • bitcoin-cashBitcoin Cash(BCH)$111.14-2.40%
  • filecoinFilecoin(FIL)$4.14-4.59%
  • crypto-com-chainCronos(CRO)$0.058810-1.80%
  • nearNEAR Protocol(NEAR)$1.40-7.23%
  • vechainVeChain(VET)$0.017617-5.19%
  • algorandAlgorand(ALGO)$0.122071-9.67%
  • elrond-erd-2MultiversX(EGLD)$34.67-4.44%
  • axie-infinityAxie Infinity(AXS)$6.21-7.04%
  • terra-lunaTerra Luna Classic(LUNC)$0.000094-6.15%
  • compound-ethercETH(CETH)$36.88-2.13%
  • ftx-tokenFTX(FTT)$1.91-20.60%
  • terrausdTerraClassicUSD(USTC)$0.012330-6.51%