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Korean bank will create safe cryptocurrency wallets

The second largest bank in South Korea, Shinhan Bank, has announced that it is in the process of creating wallets for cryptocurrencies, so that customers can safely store their digital assets.

25.Nov.17 12:44 PM
By Daria Zaytseva


Korean bank will create safe cryptocurrency wallets

The report comes after Bithumb servers fell in November, and in June personal data for 30,000 users were destroyed. According to the bank's spokesman, the new service would be safer than external services. The bank will offer deposits without commission, but a withdrawal fee will be charged.

According to the bank's statement:

"This is a service that holds the key of Blockchain through the virtual safe provided by the bank. We are looking for ways to provide a free service when making and collecting fees when withdrawing. "

The announcement adds additional support to the significant increase in institutional adoption. With recent reports of Bitcoin futures from the Chicago Mercantile Exchange, as well as a large number of new Bitcoin hedge funds, the main institutional adoption continues to grow.

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