Saturday, July 6, 2024
HomeCryptocurrencySwiss Government-Owned Bank Lists Cardano (ADA)

Swiss Government-Owned Bank Lists Cardano (ADA)

Swiss government-owned bank Post Finance has announced the expansion of its cryptocurrency services to include Cardano (ADA), alongside Avalanche, Polkadot, XRP, and Solana. This move follows a history of collaboration between Post Finance and Cardano founder Charles Hoskinson.

Shortly after its initial venture into digital assets in February 2024, Post Finance broadened its cryptocurrency trading and custody offerings. The bank’s platform now supports 16 cryptocurrencies, including Cardano. This decision aligns with Post Finance’s commitment to innovation and catering to evolving customer demands within the digital asset landscape.

Charles Hoskinson Welcomes the Move

Cardano founder Charles Hoskinson publicly acknowledged Post Finance’s decision on X. He expressed appreciation for the bank’s early support during his involvement with Ethereum and highlighted their continued collaboration through Cardano’s inclusion.

Post Finance echoed this sentiment, confirming their past interactions with Hoskinson and their satisfaction with offering Cardano to their customers.

Hoskinson’s endorsement generated a diverse range of responses from the cryptocurrency community. While some Swiss nationals and meme enthusiasts expressed enthusiasm, others raised concerns.

Positive reactions included speculation about a potential partnership with memecoin Pepe, associated with Hoskinson’s pet pig. However, negative comments included personal experiences of poor customer service and concerns about Post Finance’s stability in light of recent cryptocurrency exchange failures.

Cryptocurrency Services with User-Friendly Features

Post Finance’s crypto service launch in February 2024 aimed to simplify user interaction with digital assets. The platform allows customers to buy, sell, and securely store cryptocurrencies. Additionally, it offers a crypto savings plan similar to traditional investment options, promoting accessibility and transparency for users.

While the news of Post Finance’s expanded services unfolded, Charles Hoskinson reiterated Cardano’s mission. He emphasized the project’s global impact beyond its token price.

As Cardano nears completion, Hoskinson acknowledges the project’s journey and potential for criticism. However, his focus remains steadfast on Cardano’s potential to revolutionize industries rather than short-term market fluctuations.

Cardano’s Market Performance

Cardano (ADA) is trading at $0.4067, reflecting a 1.87% decrease in the last 24 hours and a 5.89% rise over the past week. The 24-hour trading volume of $330,729,953 emphasizes ADA’s active market presence.

<

The addition of Cardano to Post Finance’s platform signifies a growing institutional embrace of cryptocurrency assets. With user-friendly features and an expanding list of supported digital assets, Post Finance positions itself to cater to a wider range of investors interested in exploring the cryptocurrency market.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Times Tabloid is not responsible for any financial losses.


Follow us on Twitter, Facebook, Telegram, and Google News

Solomon Odunayo
Solomon Odunayo
Solomon is a trader, crypto enthusiast, and analyst with over four years of experience in the industry. He strongly believes that crypto assets and the blockchain will continue to gain prominence. At TimesTabloid.com, he focuses on news, articles with deep analysis of blockchain projects, and technical analysis of crypto trading pairs.
RELATED ARTICLES

Latest News & Articles