The Dutch bank ABN AMRO presented the infrastructure for the storage of cryptocurrency assets called Wallie and connected 500 clients to the service on an experimental basis, Bitcoinist writes.
According to the information posted on the financial institution's Twitter, ABN AMRO plans to provide a service for storing bitcoins in the same interface that its customers use for daily banking operations.
Hoi Jazeker! Heb je dit bericht ontvangen? We do op op dit moment een experiment met 500 klanten. ? ^ Roeland
– ABN AMRO (@ABNAMRO) January 22, 2019
Thus, ABN AMRO became the first Dutch bank to develop tools for working directly with Bitcoin, surpassing even Rabobank in this field, which announced a similar product in February last year.
Since access to Wallie is provided in test mode, the official page of the bank says that it still does not work with Bitcoin, although in reality it is not.
“Cryptocurrencies are not controlled, are not issued and are not covered by the guarantee obligations of the central bank. The Central Bank and the Financial Markets Authority, over the recent period, regularly published press releases warning investors and consumers about the risks of cryptocurrency. Thus, you cannot invest in bitcoins or other cryptocurrencies through ABN AMRO, ”the bank informs.
Obviously, since the publication of the above message, the ratio of ABN AMRO to Bitcoin has changed. Now he proposes to take care of ensuring the security of private keys from users' cryptocurrency wallets and provides security for funds stored on them in the amount of up to € 6,000.
On the other hand, with all the advantages of such services, the clients that use them discard one of the main advantages of cryptocurrency as an asset beyond the control of third parties with all the ensuing consequences, including the possibility of censoring and maintaining partial reserves. Earlier this month, users attempted to massively withdraw their assets from stock exchanges to check their solvency.
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