Post
Topic
Board Bitcoin Discussion
Merits 2 from 1 user
Re: German Bank announces to support Bitcoin; says it's important to own private key
by
BlackHatCoiner
on 30/12/2021, 20:20:30 UTC
⭐ Merited by pooya87 (2)
A good question is:  Why would a bank want to give the option to their customers to hold bitcoin themselves? Isn't it against the whole point of a bank? I mean it's fine if they announce that they keep reserves in bitcoin, but why promoting it as a currency if it makes your business poorer?

The thing I like the most from their policy is this:
We will only offer Bitcoin, not other Crypto assets. Quite simply because only Bitcoin is really a decentralized blockchain application and from our point of view only Bitcoin offers sufficient security against manipulation. All other crypto assets are not comparable to Bitcoin.