{"id":104666,"date":"2018-02-12T04:30:47","date_gmt":"2018-02-12T09:30:47","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=104666"},"modified":"2021-09-14T03:54:41","modified_gmt":"2021-09-14T07:54:41","slug":"cryptocurrency-thrives-in-europe-with-small-banks-support","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/cryptocurrency-thrives-in-europe-with-small-banks-support","title":{"rendered":"Cryptocurrency Thrives in Europe With Small Banks Support"},"content":{"rendered":"<p>Most banks seemingly have no love lost for cryptocurrencies these days. With dozens of financial institutions opposing Bitcoin purchases, it is evident things are not looking good. In Europe, however, the situation is a bit different. Smaller banks are looking forward to giving investors access to cryptocurrencies without any major hurdles. Some even offer professional advice on initial coin offerings as well.<\/p>\n<p>It is uncanny how fractured the banking sector really is in this day and age. Major banks firmly <a href=\"https:\/\/www.newsbtc.com\/2018\/02\/05\/uk-bank-lloyds-bans-bitcoin-buying-on-credit-cards\/\">oppose <\/a>Bitcoin and similar currencies for the most part. That is only to be expected, as the volatile nature of digital currencies is a major concern. Their smaller counterparts are not as narrow-minded, by the look of things. Even though regulators do not approve the concept of ICOs or Bitcoin, small banks tend to keep an open mind in this regard.<\/p>\n<p>Cryptocurrency Will Thrive Thanks to Smaller Banks<\/p>\n<p>Two banks which stand out in this regard are Falcon Bank and Vontobel. Both institutions are Swiss private banks, which allows them to buck the current anti-cryptocurrency trend. These two companies handle cryptocurrency-related investments on behalf of their clients as we speak. There\u2019s also <a href=\"https:\/\/www.newsbtc.com\/2015\/10\/02\/german-based-fidor-bank-to-offer-bitcoin-express-service-in-uk\/\">Fidor Bank<\/a> in Germany and Liechtenstein\u2019s Bank Frick which all provide similar services. For now, this positive momentum is limited to smaller banks, though.<\/p>\n<p>Bank Frick\u2019s Edi Wogerer explains the decision as follows:<\/p>\n<p>\u201cThere are risks involved but there are also really big opportunities.We know what to do from a security perspective so this is a big opportunity for banks like us. Bigger banks were \u201cscared\u201d of cryptocurrencies because they don\u2019t understand them, they feel threatened\u201d.<\/p>\n<p>It is a remarkable statement, but one that does ring true in a lot of cases. Cryptocurrencies are direct competition for banks,. Unfortunately, we need banks\u2019 support to purchase cryptocurrency in a convenient manner. It is evident this uneasy situation may effectively split the banking sector into two camps. Those who allow customers to purchase Bitcoin and altcoins may see business pick up in the years to come. Smaller banks have a big role to play when it comes to cryptocurrency, that much is rather evident.<\/p>\n<p>The post <a href=\"https:\/\/www.newsbtc.com\/2018\/02\/12\/cryptocurrency-thrives-europe-small-banks-support\/\" rel=\"nofollow\">Cryptocurrency Thrives in Europe With Small Banks Support<\/a> appeared first on <a href=\"https:\/\/www.newsbtc.com\" rel=\"nofollow\">NewsBTC<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<div class=\"fin-excerpt\">Most banks seemingly have no love lost for cryptocurrencies these days. With dozens of financial institutions opposing Bitcoin purchases, it is evident things are not <a class=\"read-more-link\" href=\"https:\/\/insidebitcoins.com\/news\/cryptocurrency-thrives-in-europe-with-small-banks-support\" title=\"Cryptocurrency Thrives in Europe With Small Banks Support\">[&#8230;]<\/a><\/div>","protected":false},"author":165,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-104666","post","type-post","status-publish","format-standard","hentry","category-more-crypto-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.8 (Yoast SEO v23.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Cryptocurrency Thrives in Europe With Small Banks Support - InsideBitcoins.com<\/title>\n<meta name=\"description\" content=\"Smaller banks in Europe are looking forward to giving investors access to cryptos without any major hurdles.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/104666\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cryptocurrency Thrives in Europe With Small Banks Support\" \/>\n<meta property=\"og:description\" content=\"Smaller banks in Europe are looking forward to giving investors access to cryptos without any major hurdles.\" \/>\n<meta property=\"og:site_name\" content=\"InsideBitcoins.com\" \/>\n<meta property=\"article:published_time\" content=\"2018-02-12T09:30:47+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-09-14T07:54:41+00:00\" \/>\n<meta name=\"author\" content=\"JP Buntinx\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"JP Buntinx\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/104666#article\",\"isPartOf\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/104666\"},\"author\":{\"name\":\"JP Buntinx\",\"@id\":\"https:\/\/insidebitcoins.com\/#\/schema\/person\/f708d90d63ca98b0b07ab915777f7a10\"},\"headline\":\"Cryptocurrency Thrives in Europe With Small Banks Support\",\"datePublished\":\"2018-02-12T09:30:47+00:00\",\"dateModified\":\"2021-09-14T07:54:41+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/104666\"},\"wordCount\":381,\"publisher\":{\"@id\":\"https:\/\/insidebitcoins.com\/#organization\"},\"articleSection\":[\"More Crypto News\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2018\",\"copyrightHolder\":{\"@id\":\"https:\/\/insidebitcoins.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/104666#primaryimage\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/104666\",\"url\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/104666\",\"name\":\"Cryptocurrency Thrives in Europe With Small Banks Support - InsideBitcoins.com\",\"isPartOf\":{\"@id\":\"https:\/\/insidebitcoins.com\/#website\"},\"datePublished\":\"2018-02-12T09:30:47+00:00\",\"dateModified\":\"2021-09-14T07:54:41+00:00\",\"description\":\"Smaller banks in Europe are looking forward to giving investors access to cryptos without any major hurdles.\",\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/104666\"]}],\"primaryImageOfPage\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/104666#primaryimage\"},\"image\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/104666#primaryimage\"}},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/insidebitcoins.com\/#website\",\"url\":\"https:\/\/insidebitcoins.com\/\",\"name\":\"InsideBitcoins.com\",\"description\":\"Search &amp; 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