Clients Will Have Direct Access to the Crypto Market Through State-Owned Swiss Bank Postfinance. The Swiss Post Office is said to be preparing to enter the market after government activity and encryption. “Our customers prefer direct access to this market through their home bank.”Swiss post office hand to enter the encryption market. The Swiss Committee on Financial Services and Financial Services, a state-owned company responsible for reporting posts and other major state infrastructure services in Switzerland, as reported, aims to provide direct access to encryption. The predecessor of PostFinance was founded in 1906 by the Swiss Parliament to provide payment services to retail customers. Post Finance operated as a division of Swiss Post until June 2013 and became a bank under Swiss law.
It is now regulated by the Swiss Financial Market Supervisory Authority (FINMA).The bank already offers its customers access to cryptocurrency through the Yuh program, developed in collaboration with Swissquote Banking Group. “Yh combines payments, savings and investments in one package,” its website explains. Sandra Linhart, head of retail banking at Post Finance, said:Our clients want direct access to this market through their home bank.
Given the increasing institutionalization [of cryptocurrencies] over the past 18 months, now is the best time to enter the market. Swiss Post sells cryptographic stamps. The first batch, released in November 2021, contained 175,000 cryptographic tokens. They were sold out in five hours.Last week, the Post Office announced the launch of Swiss Crypto Stamp 2.0. “The second collection of cryptocurrency stamps will be available from August 8, 2022 with 250,000 stamps from selected branches and at postshop.ch,” it said. There will be 10 different designs that “reflect various Swiss values such as unity, sustainable thinking, peace and diversity,” the announcement continued, adding that when the ten designs are put together, the overall image will form three.