Online Swiss bank and marketplace Dukascopy has announced a partnership with Luxembourg based bitcoin exchange Bitstamp which will see the Swiss bank offering BTC services.
Customers will now be able to fund their accounts on Dukascopy through Bitcoin, as well as withdraw through bitcoin too.
The partnership between Dukascopy and Bitstamp means customer will be able to fund and withdraw to their US dollar denominated accounts using the cryptocurrency.
Bitcoin is currently the only cryptocurrency that is being supported by Dukascopy, “The proceeds of the BTC/USD conversion are credited in USD to the crypto-fundable client account,” the bank added.
In terms of withdrawals, clients will have their USD balance converted to BTC at the exchange rate and the BTC amount sent back to them.
Bitstamp commented on the partnership saying “This partnership represents another step towards our goal of bridging the gap between crypto and traditional finance,” Bitstamp wrote. “It is further proof that our efforts in compliance and regulation continue to deliver results at a time of rapid maturation for the cryptocurrency industry.”
CRYPTO BANKING: We partnered with @DukascopyBankSA, a leading Swiss online #bank, to enable #bitcoin account funding for their clients. Read more: https://t.co/g2dnVgf6xJ #adoption pic.twitter.com/Z4erFf604U— Bitstamp (@Bitstamp) January 25, 2019
Read More: Bitcoin gambling trends for 2019