It is a common notion that banks and financial institutions are not fond of digital private cryptocurrency. The reason can be many ranging from high volatility to no regulatory control but there are banks all over the world where they have started accepting cryptocurrency. Most of these banks are located in countries that have sound regulatory principles governing cryptocurrency. However, in this globalized world banks have branches all over the world making it difficult for them to operate with cryptocurrency in those places which have no regulatory guidance over them. Despite all the flaws in the system many banks that are very progressive have taken a step forward towards regularising attitude towards cryptocurrency. Some of the banks are as follows
1. WIREX
Wirex is a bank situated in United Kingdom. It is one of the most customer-friendly banks operating and accepting cryptocurrency. The bank offers many new features like 0.5 per cent cashback in Bitcoin. The bank allows its customers to trade and buys a variety of cryptocurrencies. The bank provides very useful features like linking your debit card with your account which can be utilized in 12 countries as of now.
2. USAA
The bank has in total invested more than 150 million dollars in the exchange platform Coinbase. The bank also traces all their transaction via Coinbase and this makes the bank more efficient in regulating cryptocurrency. It is the bank’s motive to become the most crypto-friendly bank in the world and in the United States.
3. BARCLAYS
It is one of the early banks to have taken into its ambit the technology of Blockchain. Customers can use Barclays credit and debit cards to buy and sell cryptocurrency. The bank has developed a very safe and secure environment under which its employees can transact their daily business using bitcoin. There are however few conditions before availing of the bank’s facility which includes accepting the service policy of the bank and not indulging in any unlawful activity.
4. ALLY BANK
This is a unique bank in which the customers have the option to mix traditional banking with cryptocurrency. The bank is not a new name especially for the world’s largest cryptocurrency exchange Coinbase as it handles their exchange platform. The bank has some basic features like buying bitcoin and another cryptocurrency through a debit and credit card. Exchange platforms like Bitcoin exchange also provide a safe and secure environment for purchasing and selling bitcoins The bank also provide the facility to buy cryptocurrency through wire transfer.
4. SIMPLE BANK
Simple bank is an American bank that has introduced a very sharp and high tech fintech venture. The bank has made arrangements with several cryptocurrency exchanges, making it the most friendly crypto bank in the United States. They can directly buy or sell their cryptocurrency. The bank deals with many cryptocurrencies including Bitcoin, Ethereum, Ripple and Litecoin. The bank’s aim is to create a global cryptocurrency network.
5. SOLARIS BANK
It is a German firm that believes in giving high tech digital banking and joining hands with heavyweights like Samsung. The firm is offering it customers to convert fiat currency into cryptocurrency and quick settlement in its trading solution. The bank also has tied up with Luxembourg based exchange programme named Bitstamp. The bank believes that converting cryptocurrency into fiat currency will minimise fraudulent transactions and will give a very smooth experience.
5. NATIONAL BANK OF CANADA
the bank is one of the largest banks in Canada and has its headquarters in Montreal. It has more than 2.4 million clients and several companies around the United States. Since the bank has so much user base, relation with many cryptocurrencies is still very good.
6. GOLDMAN SACHS
It is one of the most crypto-friendly banks that has been operating in this financial market for over a century. Goldman Sachs didn’t take negative views and now is taking the advantage of the developed crypto investors.
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