Swiss financial institution Falcon Private Bank has become the country’s first financial institution to add Bitcoin Cash, Ethereum and Litecoin to its offering.
In a press release issued today, Zurich-based Falcon, which made headlines last month with its introduction of Bitcoin tools for clients, said the move “proves [its] agility and underlines its strategic repositioning” on the market.
Arthur Vayloyan, global head of products and services, commented:
“The first reactions to our Bitcoin services have been very encouraging and we are convinced that by adding three new Blockchain assets we will fulfill our clients’ future needs.”
The firm’s July decision to partner with Bitcoin Suisse AG to provide Blockchain asset management services caused a stir in the cryptocurrency media and beyond.
At the same time, fellow institution Swissquote followed Falcon in announcing a similar move toward Bitcoin integration, describing itself as “the first online bank in Europe to offer Bitcoin investing.”
The new digital currency offerings will launch Aug. 22, while further announcements from Switzerland continue to surface this week.
Protonmail tweeted this weekend that it will soon add automated Bitcoin payments to its secure email offering, while newcomer Ambrosus also unveiled a partnership to track the quality of pharmaceuticals using Blockchain technology.
Ambrosus is part of the country’s Crypto Valley Association, a group of Blockchain heavyweights headquartered with the town of Zug.