Our customers are now be able to open Cryptocurrency accounts, buy and hold Bitcoins, Ethereum and all other major Crypto currencies, for the increased adoption of virtual currency. Our clients and investors will be able to use the account to trade in Cryptocurrency, Our Bank's break into the virtual currency market is aimed at offering "High Net Worth and institutional clients direct exposure to what is now a whole range of the top market cap crypto-assets, besides Bitcoin."
Cryptocurrency is a form of digital money that is designed to be secure and, in many cases, anonymous. It is a currency associated with the internet that uses cryptography, the process of converting legible information into an almost uncrackable code, to track purchases and transfers.
Cryptography was born out of the need for secure communication in the Second World War. It has evolved in the digital era with elements of mathematical theory and computer science to become a way to secure communications, information and money online.
The first Cryptocurrency was Bitcoin, which was created in 2009 and is still the best known. There has been a proliferation of Crypto currencies in the past decade and there are now more than 1200 available on the internet.
Cryptocurrencies use decentralised technology to let users make secure payments and store money without the need to use their name or go through a bank. They run on a distributed public ledger called blockchain, which is a record of all transactions updated and held by currency holders.
