South Koreans will be able to store their Bitcoin savings in Shinhan Bank

As the media outlets report, Shinhan Bank, one of the largest banks in South Korea, offers its users to try out an early version of Banknote — a new service that provides an environment to secure cryptocurrency.

The bank itself is actually more than a hundred years old, and at the end of the last year its assets were equal to $192 billion.

Not only bitcoins will be available to store in Shinhan, which is good news for altcoin investors, and the clients will be able to get all traditional bank policy benefits. For instance, there will be an entity to blame in case the coins are lost somehow and quite possibly, there will be compensation for such losses. There will be no deposit fee at initial stages, but there will be a fee for assets withdrawal.

The bank even promises to issue a mobile application specifically for this digital currency wallet service. This will increase it popularity even more, but even without it, the service has a very good future in South Korea — the country the cryptocurrency exchanges of which are regularly attacked, as most media sources and intelligence organizations agree, from the North, where Kim Jong-un and his military generals started to actively use government-backed hackers to harm everyone they consider their enemies.