The Bison Bank will now offer digital asset services

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The critics of cryptocurrency are gradually coming to terms with this crypto ecosystem. Most of the skeptics of the cryptocurrency are from the financial institutions. The major reasons is because they thought that the emergence of the cryptocurrency world would create an unhealthy rivalry with the banks and basically, making most of the financial investors to tilt towards towards cryptocurrency transactions more than the traditional banking transactions. This is the root cause of the hatred towards the crypto space. The decentralization further create enimity with the financial central authority because it is independent on the government . The thought of the critics do not come through because the chances of cryptocurrencies crashing is becoming slimmer everyday. This made many major financial institutions to join the moving train.

One of the banks in Portugal has been given licence to offer cryptocurrency related services. The Bison Bank became the first bank in Portugal to be given the permission to offer crypto related services to high net worth individuals. This makes it the fifth cryptocurrency exchange platform in Portugal. This is a very laudable news around the cryptocurrency community in Portugal and it may likely cause a spike In the price of cryptocurrencies.

 

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We all know that the banks is the number one enemy of the crypto space. This particular institution has shown itself to be a sceptics in the world of cryptocurrency and the development that was seen around the crypto space has made them repent. Now ,we have many banks that are jumping into the cryptocurrency business by offering crypto related services to their customers. Bison Bank is not the first bank that will adopt cryptocurrency on its platform, we have seen many major banks do this and they are making a huge amount of profit from it. In honesty, this has brought a lot of development to the crypto space because the bank is a major part of the financial system of the world and for such conglomerate to accept cryptocurrency, it will keep making that particular space increase in popularity on a daily basis.