Swiss bank Maerki Baumann will start accepting cryptocurrency assets for services rendered and also earned from cryptocurrency mining, according to International Investment. The private Zurich bank has decided to accept crypto assets from payments received for services rendered, as well as those earned from crypto mining, as a response to new market demands and the rise of cryptocurrencies’ popularity, International Investment writes. The private bank will not provide direct cryptocurrency investments and warned against large investments in cryptocurrencies, but will monitor the sector and its regulation for investment purposes. In a press release on Monday, the company said that it is “looking into how we can use blockchain technology as an alternative means of payment with our clients.”
Swiss bank Maerki Baumann will start accepting cryptocurrency assets for services rendered and also earned from cryptocurrency mining, according to International Investment. The private bank will not provide direct cryptocurrency investments and warned against large investments in cryptocurrencies, but will monitor the sector and its regulation for investment purposes. In a press release on Monday, the company said that it is “looking into how we can use blockchain technology as an alternative means of payment with our clients.”