Quote from: dkbit98 on January 01, 2022, 08:15:41 PM

Quote from: 1miau on January 01, 2022, 07:48:40 PM

Banks like Volksbanken Raiffeisenbanken are a bit different from what we know about Americans banks, so profits are important but not that important.

Banks only exist because of profits and control of money, so it sounds a bit suspicious they would allow customers to own bitcoin on their own wallets.

Why suspicious? Cheesy

In Germany it's a bit different, it's not wallstreet here. Wink

There was a story about a little bank in a small town, a Raiffeisenbank. There was one employee, the bank didn't had internet until 2009. Founded as a traditional Raiffeisenbank, it was important for the saving of the village.
There's a small story in German: https://www.genonachrichten.de/2021/02/16/fritz-vogt-und-die-raiffeisenbank-gammesfeld/

Things have changed a bit ofcourse but the story is very inspirational.
Not all banks are greedy but "free market" competition has made bigger banks more profitable driving out Banks like described in the article.

Quote from: dkbit98 on January 01, 2022, 08:15:41 PM

I am thinking how they are planning to make their own centralized wallets, something like it was done in El Salvador with Chivo wallet, but that is just my speculation.

From what the board director said, that's not what Volksbanken Raiffeisenbanken are planning. It's completely the opposite.
Owning private keys and self-custody is very important and will part of their Bitcoin education.

Quote from: dkbit98 on January 01, 2022, 08:15:41 PM

I also doubt bank would allow anyone to hold Bitcoin without revealing kyc customer information, maybe even worse than some centralized exchanges are doing now.

Buy / sell will require KYC but as customers are already KYCed for their bank accounts, no additional KYC will be needed.
At least a different German Bank (Sparkasse) will handle it like that.

Quote from: Saint-loup on January 01, 2022, 08:42:19 PM

Quote from: 1miau on December 30, 2021, 06:59:20 PM

Only Bitcoin will be offered:
„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. Above all, they are not decentralized, but there are companies or business models behind influencing the respective Crypto value.“

That's not really bullish... Most of people are not interested in Bitcoin because it is too slow and too expensive to be used in real life then I'm not sure they will convince many customers if they only offer Bitcoin.

While Bitcoin remains at 40% Bitcoin-dominance, it's quite a big part.
And I like the idea of only offering Bitcoin for now, because it's a fact that most Altcoins are Shitcoins and a risky investment. The Shitcoin manufacturers have still much power; Shitcoins are not really decetralized.
We only need to look at CMC: Top 10 coins have changed very often, Bitcoin always stays number one.

People who want Altcoins might get informational material about it too. But we don't know yet.

Quote from: Saint-loup on January 01, 2022, 08:42:19 PM

Quote from: 1miau on December 30, 2021, 06:59:20 PM

Most important point: it’s important to own your Bitcoins:
„The most important topic when trading or storing Bitcoin is to be owner of your so-called private key, (secret key allowing access to your Bitcoin). This is where our first considerations were made.
Which trustworthy solutions can we offer for our customers? Many crypto platforms only give limited or no access to private keys because all Bitcoins are centrally stored on behalf of the customer.
[…] Bitcoin centrally stored by platforms is of course an interesting target for hackers. This also counteracts the decentralized storage in the Bitcoin blockchain. That's why we were looking for solutions in which the customer keeps his private key himself and can therefore own his Bitcoin himself.“

I'm curious to see what they will offer to their customers? A new hardware wallet like trezor/ledger branded "Volksbank Raiffeisenbank Bayern Mitte" or something like opendime/tangem?

Quite possible.