Cryptocurrency, Featured

From Banking To Technology: Cryptocurrency Wallet Broadens Its Hold

Crypto enthusiasts will be happy to learn that Poland has provided a license to two crypto companies to operate as payment service providers. The Polish financial watchdog, Komisja Nadzoru Finansowego (KNF), has licensed two crypto startups as payment providers. The companies, Coinquista and Bitclude, offer a range of crypto services that includes trading and cryptocurrency wallet.

Poland authorities are comfortable in venturing into crypto space. Previously, the country took steps to regulate certain aspects of the crypto space without banning cryptocurrencies and related operations. Therefore, the two companies are allowed to perform all services related to the crypto industry without any hurdles. According to Coinquista CEO Ireneusz Pukin, KNF‘s decision to register his company as a payment service provider proves the exchange can run legal business in Poland. This move has uplifted the cryptocurrency market in Poland.

Meanwhile, ABN Amro, the bank based in the Netherlands, is offering storage infrastructure for digital assets to its customers. The financial institution had 500 clients involved in the experimental service, still in testing mode. The promotional photo depicted a mobile wallet app called ‘Wallie’ that was shared on Twitter. It had a slogan that stated “Manage your bitcoins easily and reliably” and had a “Let’s go!” button below it, as reported on Bitcoin News.

On the other hand, news reports suggest that Samsung’s flagship Galaxy S10 supports cryptocurrency wallet. The images leaked show embedded wallet. This move is very much likely to boost cryptocurrency in all sectors and create more awareness of the concept.

The “Samsung Blockchain KeyStore” is described as both a secure and convenient place for your cryptocurrency and a place to secure and manage your blockchain private key. A user may import an existing wallet to transfer existing cryptocurrency. The image shows that multiple cryptocurrencies are supported, although only Ethereum is named directly, as mentioned in The Block. As of now, cryptocurrency wallet is spreading its wings in the banking and technology sector and is furthermore, widening its hold.

[The views and opinions expressed in this article are those of the authors and do not necessarily reflect the views and/or the official policy of the website. ]

Divya Pandit is a copywriter as well as a content writer, and she specializes in writing blogs, product descriptions and articles. Working in an entertainment company as a content editor has more than 2.5 years of experience. A writer by day and a reader by night has a flawless writing skill and loves to pen her thoughts in words.

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