German Fidor Bank Launches Bitcoin Derivatives Market
Fidor Bank in Germany is doing something rather unorthodox when it comes to licensed banks. The bank has introduced a bitcoin derivatives market, allowing speculators to bet on the rising and falling prices of bitcoin in the future. CEO of Fidor Bank Matthias Kröner says bitcoin is gaining traction, saying that "I reckon that the Bitcoin durable as real currency is established, because it is a global currency [with] units that can be paid easily and efficiently In addition, the price is only determined by supply and demand, unlike, for example, gold." Fidor Bank is reportedly partnering up....
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A bank in Germany that goes by the name of Fidor Bank AG is truly differentiating itself even further from your grandparents' bank. You may have read that Fidor became the first bank to utilize Ripple's payment protocol, so why is this bank so different? Fidor is not your traditional bank. Just take a second to digest all the features Fidor's smart checking account offers besides the trite bank/bank card "perks" that every bank offers. Fidor's smart checking account enables users to: Have no account fees. Borrow money from friends. Buy precious metals. Buy foreign currencies. Buy....
A German-based bank called Fidor Bank recently set up shop in the United Kingdom, prompting speculations that it might start offering its bitcoin services there as well. Fidor Bank is known for being more open to new developments in the digital age and was recognized by the World Economic Forum as a "Global Growth Company" back in 2014, five years after its establishment in 2009. "Traditional banks do not reflect their customers' needs in the digital age," indicated a statement on the Fidor Bank UK website. "Customer requirements are not being met by traditional banks because of lack of....
In February Bitcoin Magazine reported that German Fidor Bank had established a partnership with bitcoin exchange bitcoin.de, enabling Fidor Bank customers to buy and sell bitcoin instantly on the exchange with an agile "Bitcoin Express" option. The move was considered as a remarkably bold initiative by a mainstream bank. Fidor Bank is no stranger to bold, innovative initiatives. The bank, which was granted a full European banking license in 2009, is known as a modern Internet Bank and an early adopter of new trends in fintech with innovative services for connected consumers. Fast Company....
Bitcoin.de's long-standing partnership with Fidor Bank has finally borne fruit, with the company claiming it is the world's first bitcoin trading platform with a "direct connection to the classic banking system". Bitcoin.de says the arrangement brings a far faster service, allowing EUR/BTC trades to be completed within "seconds" when both customers have a free 'FIDOR Smart Giro Account'. Extra security is also promised, with customers' funds staying within their Fidor Bank accounts, rather than being held by a centralised body, such as an exchange. In the case of insolvency or security....
Fidor Bank, the innovative German bank that is bringing Bitcoin and digital fintech to mainstream banking, is now operating in Great Britain. Fidor Bank, one of the world's most innovative banks disrupting the traditional banking sector, has been recognized by the World Economic Forum as a "Global Growth Company." Founded in Germany in 2009, Fidor Bank offers a new approach to financial services. "Traditional banks do not reflect their customers' needs in the digital age," notes the Fidor Bank UK website. "Customer requirements are not being met by traditional banks because of lack of....