Liechtenstein-based, Bank Frick, is a crypto-friendly bank established in 1998. In recent years they have shifted their focus to blockchain technology in order to enhance the banking experience for clients. Their clientele ranges from fintechs, asset managers, family offices, pension funds and fiduciaries.
The bank offers its customers the ability to buy Bitcoin, Ether, Litecoin, BCash, Ethereum Classic, NEM, XRP, Stellar and QTUM between the hours of 8AM and 6PM (CEST). The trading can be done against the US dollar, Euro or the Swiss Franc.
Stablecoins have become a main point of interest in the world of crypto, especially as different central banks around the world look to digitise their fiat currencies. Bank Frick has added this latest asset, USDC, for professional market participants. This stablecoin is issued by Circle and available today on most crypto-exchanges; mainly Coinbase.
The bank’s head go blockchain, Stefan Rauti, said: “With the addition of USDC, we enable our customers to process USD payments quickly and token-based. Compared to the classic SWIFT procedure, the processing time is significantly reduced. This underlines our claim to be the leading blockchain bank in Europe”.
The world of blockchain can help increase the efficiency in many different industries, however the one with most focus on at the moment is the financial industry; with a main point of increasing speed and security.
Image ℅ Bank Frick