Sygnum Bank Adds Support for Ripple’s XRP
The first crypto bank licensed by FINMA, Sygnum has reported that it included support for Ripple’s XRPs on its banking services platform, official website of the bank reports.
The Swiss bank will offer its users the option to use Ripple for custody, trading and credit services on its platform.
Customers of the bank will have an option to purchase, hold as well as trade XRP in fiat currencies, including EUR, CHF, USD and SGD.
Simon Wälchli, who is the Head of Custody at Sygnum, noted that XRP addition will enable customers to have more broad and diversified digital asset portfolios.
Co-founder of Sygnum Bank, Mathias Imbach mentioned that they’re impressed with the performance of Ripple around the globe, underlining that Ripple’s international payments network, RippleNet has over 300 financial institutions.
He emphasized the company’s designed solutions that solve weak points of the transfer market, adding that affordable transfers provided by Ripple ease the payments in developing countries.
Sygnum Bank also reported that they are ready to work with decentralized businesses, mentioning that they keep boarding new 100% digital private qualified and corporate users around the globe.
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