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DZ Bank, Germany’s third-largest bank, hopes to launch a pilot phase for Bitcoin retail transactions this year

DZ Bank, Germany’s third-largest bank, hopes to launch a pilot phase for Bitcoin retail transactions this year

CointimeCointime2024/02/01 07:56
By:Cointime

According to Bloomberg, Souad Benkredda, who is responsible for capital market operations on the board of directors of DZ Bank, Germany's third-largest bank, stated that this year DZ Bank will conduct a pilot phase of cryptocurrency retail trading with the first batch of partner banks, which means that major banks will test bitcoin transactions with customers. Contrary to the original plan, DZ Bank will not cooperate with DWP Bank to implement this, and Benkredda refused to disclose which new partner DZ Bank will now work with to handle the project.

Benkredda stated that the trading opportunity is based on self-decision-making, without the bank's advice, and DZ Bank not only wants to provide cryptocurrency transactions, but also transactions for multiple cryptocurrencies. She also added that there is a great demand among partner banks, and according to a study, one out of every two banks is willing to provide this solution to customers, but in the end, each institution makes an independent decision.

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