Whilst global banking institutions continue to acknowledge and adopt Blockchain technology, Skandiabanken, a Norwegian online bank, is one of the first to recognize Bitcoin, along with other cryptocurrencies, as an alternative financial asset.
Skandiabanken, in pushing to facilitate the use of cryptocurrencies amongst its clients, is promoting a new feature that will allow users to buy and store Bitcoin as well at Litecoin and Ether on its banking platform online. This new service will partner with Coinbase allowing customers’ internet banking account to be integrated into its wallet.
This initiative has been highly appreciated by the Norwegian cryptocurrency community and is being hailed as a very positive move and one that has been awaited amongst the country’s banking industry. Although this initiative may influence other Norwegian financial institutions, it is believed that this will not be imminent.