This move marks a significant milestone in the global cryptocurrency sector. Traditional financial institutions are continuing to warm up to the world of digital assets.
According to a Bloomberg report , PostFinance’s decision to offer staking services is part of its broader plan. They want to expand their crypto offerings.
PostFinance Dives into Ethereum Staking, Embracing Crypto’s Future
Ethereum staking allows users to earn rewards by participating in the blockchain’s transaction validation process. For a state-owned bank like PostFinance to dive into this space speaks volumes about the growing trust in cryptocurrency as a legitimate financial avenue.
🎉 We’re expanding our crypto service and introducing staking. This will allow our customers to generate passive income by depositing cryptocurrencies. ➡️ Find out more: https://t.co/YP7MIYH64d pic.twitter.com/dNJikbcJml
— PostFinance (@PostFinance) January 16, 2025
PostFinance’s decision to embrace staking is just one of many pro-crypto moves we’ve seen since the start of the year. With the cryptocurrency sector poised for big developments in 2025, institutions like PostFinance are keen to position themselves as early adopters. The financial landscape is shifting. So, it’s clear that crypto is no longer the new kid on the block. It’s becoming part of the financial mainstream.
PostFinance Joins Ethereum Staking, Bridging Crypto and Banking
Staking is a process where individuals lock up their Ethereum in a digital wallet to support blockchain operations, earning rewards in return. By offering this service, PostFinance is giving its customers a chance to “put their money where their mouth is” when it comes to crypto. Here is a chart that explains how ETH staking works:
Now that the ETH merge has happened, it’s important that you learn the new terms and tooling around Proof of Stake. These concepts will help you navigate this new era of the Ethereum network.
Here’s a quick and easy primer to get you started 🧵: pic.twitter.com/6y6EvEdzoX
— cygaar (@0xCygaar) September 15, 2022
PostFinance isn’t the first traditional financial institution to take the crypto plunge. But, its move is certainly noteworthy. As a state-owned bank, its decision to support Ethereum staking signals a broader acceptance of cryptocurrencies in more conservative financial circles.
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