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Dutch bank ABN AMRO launches experimental Bitcoin wallet

source-logo  chepicap.com 23 January 2019 09:50, UTC

With many of its citizens taking part into the Bitcoin ecosystem, Dutch crypto enthusiasts are seeing one of their main banks trying to get closer to them.

ABN AMRO, one of the leading banks of the country, will be running an experimental BTC wallet with 500 customers in response to their interpretations of the needs of their customers.

The news became public a couple of hours ago on Twitter, when user @Rw_Hendriks got in touch with the bank to enquire about what appears to be a screenshot of one of the 500 invitations which have been distributed to participate in the experimental wallet program, dubbed as Wallie:

Hoi! Jazeker! Heb je dit bericht ontvangen? We doen op dit moment een experiment met 500 klanten. :) ^Roeland

— ABN AMRO (@ABNAMRO) January 22, 2019

On a reply to another user who highlighted the contradictions of a bank opening a crypto account, ABN AMRO replied stating that the reasons behind their experiment are the concerns about storage posed by the growing Bitcoin investors among its clients.

ABN AMRO merkt dat steeds meer klanten hierin investeren. Uit onderzoek blijkt dat een gedeelte van deze klanten zorgen hebben over de veiligheid van opslag, ze horen veel over hacks en exchanges en het kwijtraken van codes. Wij willen hierin een vertrouwde partner zijn. ^Maykel

— ABN AMRO (@ABNAMRO) January 22, 2019

ABN AMRO appears to be giving serious consideration to cryptocurrencies, as another tweet exchange revealed that they are currently in conversations with the Dutch financial regulator, the AFM, in order to find their role in the crypto economy.

Hallo Sjors, op dit moment zijn we vooral aan het onderzoeken en aftasten welke rol we kunnen gaan spelen in de crypto economie. Daarbij hebben we veel overleg met de AFM en DNB om samen vast te stellen wat hierbij belangrijk gaat zijn voor de consumenten.^Maykel

— ABN AMRO (@ABNAMRO) January 22, 2019

Further details came through an exchange of messages with Dutch crypto site Lekkercryptisch, where the bank revealed that the experimental programme would last for 4 weeks.

Read more: Dutch financial authorities looking to end anonymous crypto purchasesDutch supermarket Albert Heijn adopts blockchain to promote chain transparency

chepicap.com