Skip to content
Herald Sheets

Herald Sheets

Live Cryptocurrency News

Follow Herald Sheets on Twitter, Facebook, Telegram, Please Read Our Disclaimer

  • Homepage
  • Start Trading
  • Guide
  • Crypto News
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Ripple (XRP)
    • Dogecoin (DOGE)
    • Cardano (ADA)
    • Litecoin (LTC)
  • Analysis
  • Blockchain
  • Mining
  • Reviews
    • Brokers
    • Exchanges
  • Regulation
  • Press Release
  • About Us
    • Contact Us
    • Privacy Policy
    • Submit Press Release
  • Disclaimer
  • News
  • Ripple (XRP)

XRP Now Available On Sygnum Bank, A Switzerland-Based First Crypto Bank Licensed by FINMA

Tobi Loba April 30, 2020 2 min read
CryptoCompare: XRP Surpasses Bitcoin in Trading Volume, Becoming Most-Traded Crypto-Asset

The first cryptocurrency bank licensed by FINMA, Sygnum Bank, has announced on 30th April 2020 that XRP is now available via its banking services platform.


trade now

Customers of the bank can now access deposit, exchange, and credit services using the third-largest digital currency by market capitalization, XRP.

Sygnum customers can use deposits in fiat currencies, such as the Swiss franc, the Euro, the Singapore dollar, and the USD, to buy, hold and trade XRP.

Moreover, customers of the bank can make XRP transfer to their Sygnum deposit account or increase their liquidity in fiat currencies with a Lombard loan granted against XRP.

Reacting to the new development, Mathias Imbach, co-founder of Sygnum said:

“We were impressed with Ripple’s excellent performance globally – they now have more than 300 financial institutions in their global payments network, RippleNet. The XRP-based solutions developed by the company resolve weak spots in the growing global remittance market of $ 700 billion. The low cost of transfers makes it an ideal tool to facilitate payments in emerging economies.”

According to the bank, Ripple protocol provides instant cross-border transfers at a low cost, making it preferable to the traditional means of sending money across the border.

The assets of Sygnums customers are stored in separate and secure individual portfolios. These can be easily accessed by all customers of the e-banking platform, and also accessible anywhere in the world.

Meanwhile, banks have incorporated Ripple’s protocol in their operations in the past such as the recent development. Recall that Herald Sheets reported on 10th April 2020, that Ripple’s partner, Azimo, a digital money service, partnered with Siam Commercial Bank (SCB) in Thailand, to launch a RippleNet-powered cross-border payment service.

Trade Now

HeraldSheets.com produces top quality content for crypto companies. We provide brand exposure for hundreds of companies. All of our clients appreciate our services. If you have any questions you may contact us easily with Herald Sheets Facebook Messenger App. Cryptocurrencies and Digital tokens are highly volatile, conduct your own research before making any investment decisions. Some of the posts on this website are guest posts or paid posts that are not written by our authors and the views expressed in them do not reflect the views of this website. Herald Sheets is not responsible for the content, accuracy, quality, advertising, products or any other content posted on the site. Read full terms and conditions / disclaimer.

Continue Reading

Previous: RippleNet’s ODL Tripled in TXN Volume; USD Value Transacted Increased by Over 294% In Q1 2020
Next: Ripple Unlocks 500M XRP Worth $106,059,174 from Its Escrow Wallet; Hence XRP Dropped By 6%

Related Stories

21Shares And Ark Investment Have Refiled For Spot BTC ETF
3 min read
  • Bitcoin (BTC)
  • Cryptocurrency
  • ETF (Exchange Traded Fund)
  • News

21Shares And Ark Investment Have Refiled For Spot BTC ETF

June 30, 2022
Pharma Bro Martin Shkreli Is Optimistic About Decentralized Finance
3 min read
  • Cryptocurrency
  • DeFi (Decentralized Finance)
  • News

Pharma Bro Martin Shkreli Is Optimistic About Decentralized Finance

June 29, 2022
Central African Republic Intends To Set Up A Hub To Attract Crypto Enthusiasts
3 min read
  • Bitcoin (BTC)
  • Cryptocurrency
  • News

Central African Republic Intends To Set Up A Hub To Attract Crypto Enthusiasts

June 29, 2022

Top 10 Crypto

Name Price24H (%)
bitcoin
Bitcoin (BTC)
$18,823.16
-7.06%
ethereum
Ethereum (ETH)
$1,017.77
-8.30%
tether
Tether (USDT)
$1.01
0.47%
usd-coin
USD Coin (USDC)
$1.00
0.25%
binancecoin
BNB (BNB)
$212.05
-4.26%
Binance USD
Binance USD (BUSD)
$1.00
-0.17%
ripple
XRP (XRP)
$0.321012
-3.65%
cardano
Cardano (ADA)
$0.445605
-5.44%
dogecoin
Dogecoin (DOGE)
$0.063784
-9.68%
polkadot
Polkadot (DOT)
$6.75
-4.95%

Recent Posts

  • 21Shares And Ark Investment Have Refiled For Spot BTC ETF
  • Discussing the Danger And Value Of Following Other Crypto Traders
  • Best Ways to Generate Crypto Passive Income
  • A Beginner’s Guide To Web3 Gaming
  • What Risk Management Rules Should Crypto Traders Follow?
  • Pharma Bro Martin Shkreli Is Optimistic About Decentralized Finance
  • Central African Republic Intends To Set Up A Hub To Attract Crypto Enthusiasts
  • BTC Fear & Greed Index Suggests Return to Sub-$20K
  • Public Vs Private Blockchains: How Do They Differ?
  • Stacks (STX): Reversal Inside Wedge Setup Targets $0.3 Support
  • Top Blockchain and Bitcoin Books to Read in 2022
  • What Investors Should Know about TRX as Tron Marks 4th Anniversary
  • Here’s Why Whales Are Scooping AAVE
  • OrbitGTM Review – Why Many Traders Choose OrbitGTM
  • What Is A Crypto Whitepaper? A Beginner’s Guide On How To Read One

Categories

You may have missed

21Shares And Ark Investment Have Refiled For Spot BTC ETF
3 min read
  • Bitcoin (BTC)
  • Cryptocurrency
  • ETF (Exchange Traded Fund)
  • News

21Shares And Ark Investment Have Refiled For Spot BTC ETF

June 30, 2022
Discussing the Danger And Value Of Following Other Crypto Traders
11 min read
  • Cryptocurrency
  • Guide

Discussing the Danger And Value Of Following Other Crypto Traders

June 30, 2022
Best Ways to Generate Crypto Passive Income
11 min read
  • Cryptocurrency
  • Guide

Best Ways to Generate Crypto Passive Income

June 30, 2022
A Beginner’s Guide To Web3 Gaming
11 min read
  • Guide

A Beginner’s Guide To Web3 Gaming

June 29, 2022
Copyright © All rights reserved. | DarkNews by AF themes.
  • RelevantRelevant(REL)$0.825.35%
  • TadpoleTadpole(TAD)$7.32-1.74%
  • SEENSEEN(SEEN)$2.05-2.27%
  • EvedoEvedo(EVED)$0.082301-0.80%
  • MarginswapMarginswap(MFI)$0.184213-2.11%
  • SakeTokenSakeToken(SAKE)$0.0127135.28%
  • WTF TokenWTF Token(WTF)$0.0113500.17%
  • BNSD FinanceBNSD Finance(BNSD)$0.005461-5.83%
  • RobotinaRobotina(ROX)$0.00266138.50%
  • CageCage(C4G3)$0.005010-3.67%