Bank Frick to Propose Cryptocurrency Investments

Liechtenstein bank is "seeing increasing demand for our crypto-currency services"
02 March 2018   126

Bank Frick was the first financial institution in Liechtenstein, which began offering its clients direct investments in five leading crypto-currencies. In addition, the bank offers "cold" (offline) storage of bitcoins.

As the press release says, now users of Bank Frick can buy bitcoins, Bitcoin Cash, Litecoin, Ripple and Ether for the euro, US dollars and Swiss francs.

We are seeing increasing demand for our crypto-currency services from companies all across Europe. Clients recognize that we can offer reliable support in implementing their business models using crypto-currencies and blockchain within the permissible regulatory framework. We aim to place the quality and service of crypto-banking at par with our traditional banking services. Financial intermediaries such as asset managers and fiduciaries, can leverage our offering to differentiate themselves in the market while adding value for their clients.

Hubert Büchel

Chief Client Officer, Bank Frick

It is also noted that as part of its digital strategy in September 2017, Bank Frick became the first financial institution in the Swiss franc zone, which launched a crypto currency tracker based on BTC and ETH.

Monetha is about to release first version of its wallet app

Monetha's MVP to be released on March 21 exclusively for MTH holders in order to make a significant step towards fully working decentralized trust and reputation system
23 March 2018   71

Starting from March 31 all of MTH token holders will gain exclusive access to Monetha wallet app - the MVP of the project. The release is considered to be Beta release, and approximately 10,500 of the users of the platform will become the first to test out the product. The app will be available on both iOS and Android.

The wallet itself is based on smart contracts and features

  • making/solving claims;
  • rating merchants;
  • writing reviews;
  • review of purchase history;
  • see clients' and merchants' trust ratings

The integration with Monetha through the app will allow merchants to accept Ethereum based tokens as a payment and then easily convert cryptocurrency into fiat currency. Monetha's mission is 'to develop and deploy the best transaction system that would be based on enforceable contracts without third party between consumer and merchants and a strong decentralised reputation management system'. Its solution is going to be universal, transparent, self-executing and transferable.

To the moment of the publication, Monetha's market parameters are as follows:

Average price: $0.102597

Market cap: $22,274,083

Volume (24): $435,208