Online:
Visits:
Stories:
Profile image
By muckracker1 (Reporter)
Contributor profile | More stories
Story Views

Now:
Last Hour:
Last 24 Hours:
Total:

Bitcoin And German Fidor Bank Join Forces In EU (picture)

Friday, January 16, 2015 9:44
% of readers think this story is Fact. Add your two cents.

(Before It's News)

The exchange Kraken has been surprising the Bitcoin community with its quick evolution and always positive announcements. After including US dollars in its package of services, the company is nowcooperating with the German Fidor Bank to offer regulated Bitcoin trading services to its European customers.

As stated by the CEO of Payward Ltd, Kraken’s developer, Fidor is the “ideal partner” for the exchange. The bank is a “responsible, forward-thinking financial institution”, says Jesse Powell, quoted by Coindesk.

On the other side, Fidor Bank’s CEO said that “with Kraken, we can enable our customers to trade Bitcoin and other digital currencies just as securely, easily and flexibly as they trade other foreign currencies today“. The institution has noticed that cryptocurrencies are growing as “serious and useful alternatives to government-issued currencies”, according to Matthias Kröner.

After this move, Kraken is now looking to spread its services outside the European Union by employing the same method: cooperating with financial industry partners and regulatory authorities. morehere

Report abuse

Comments

Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Top Stories
Recent Stories

Register

Newsletter

Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.