Savings bank customers in Germany can start storing their cryptocurrencies in their bank accounts from next year, if the project is given the green light.
According to the news of Finance Forward, Sparkassen-Finanzgruppe “secret project” In line with this, it can also add cryptocurrencies to its product range from 2022.
It is stated that the concept studies on the subject are carried out by S-Payment, the payment technologies company within Sparkasse.
Speaking to Business Insider on behalf of the German Savings Banks Association (DSGV), “There is a lot of interest in cryptoassets and Sparkassen-Finanzgruppe is aware of that.” He stated that test studies for cryptocurrencies were carried out within the group.
At the current stage, the implications are being examined if Sparkassen creates a digital wallet used to store cryptocurrencies and customers start to hold cryptocurrencies such as bitcoin in those wallets.
Sparkasse has more than 8,000 branches across the country and about 50 million customers exists.
According to media reports, the group offers bank customers direct cryptocurrency purchase service It also considers the possibility of presenting