THE SECOND LARGEST BANK IN SOUTH KOREA CREATES SECURE CRYPTO-CURRENCY WALLETS

In South Korea, there was an extremely important event for crypto currency in this country: Shinhan Bank, the second-largest local bank, announced that it is developing crypto-currency wallets, where users can safely store their digital assets. The information is taken from the Cointelegraph website .

SERVICE FOR STORING CRYPTO CURRENCY FROM A LARGE KOREAN BANK

The news came on the background of the recent fall of Bithumb servers in November and the July leak of personal data of 30,000 users. The representative of the bank said that the new service will have increased protection, comparing with third-party solutions. The organization will offer the transfer of money without commission, but it will still be charged for withdrawal.

Here is a quote from the bank statement:

This is a service that stores lock-keys with a virtual safe from the bank. We are looking for ways to provide free deposits and withdrawing commissions when withdrawing funds.

The announcement became another factor contributing to a significant increase in the institutional acceptance of the crypto currency. More recently, there have been announcements of bitcoin futures from theChicago Mercatile Exchange and a huge number of new hedge bitcoins.