Turks’ Favorite Altcoin Draws Attention to This Partnership: “A Positive Development”!

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Mason Versluis, founder of the GOLD SQUAD Discord community, which has more than 26,000 members, said in a recent tweet: Algorand He drew attention to a development that he believes will significantly affect the (ALGO) ecosystem.

Versluis is a Swiss chairman of Deutsche Bank, Germany’s largest bank and the ninth largest bank in Europe. crypto- He shared that he has established a new partnership with the financial services company Taurus Group.

The Algorand enthusiast is particularly excited about the collaboration, given that Taurus Group integrated with Algorand last year. Versluis emphasized the continued expansion of connections, which he believes will ultimately impact Algorand’s growth. Commenters on the tweet expressed similar enthusiasm.

Additionally, Versluis underlined that Deutsche Bank currently oversees a staggering €1.3 trillion in assets. drew.

Koinfinans.com As we reported, ALGO saw a 3% increase in value in the last 24 hours. Crypto market participants bought and sold approximately $20 million in digital assets during the same period, increasing its value to $0.09374.

Meanwhile, the partnership between Deutsche Bank and Taurus Group will see the German bank offer specialized custody services to corporate clients. In particular, the bank will help institutions manage their cryptocurrency assets and tokenized assets.

Moreover Deutsche BankA spokesperson from confirmed that the bank will be offering crypto custody services for the first time given the collaboration.

However, Julian Hosp, a prominent crypto CEO, offered a somewhat muted perspective on the German bank’s initiative. Hosp pointed out that this development may not cause much excitement in Germany, as the possibility of purchasing crypto through exchanges is already available.

Additionally, Hosp argued that banks’ foray into the crypto arena may not significantly increase capital inflows or attract new participants.


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