Switzerland to Establish the First Bitcoin Bank

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If you are still skeptical about the way Bitcoin works, perhaps this would be the time to get to know everything that there is to know about Bitcoin. In recent news, a team of eight members is all set to open up a Bitcoin bank in Switzerland. A Bitcoin bank, where all the usual banking facilities would be available, just without the paper currency. The Bitcoin bank aims to impart various services such as loans, storage, transacting with the ‘international, digital, government-free currency’ that Bitcoin is. The team is currently looking for premises for the bank and is all set to apply for an official license in a few weeks. The team comprises of both IT experts and those who expertise in finance. The team already has investors set in place. A founder member and the IT specialist – Guido Rudolphi recently spoke on behalf of the bank, “Managers of the banks have knowledge both in IT and traditional finance. We hope to apply for Bank license in a few weeks. First people already got in business and now the bank is searching for the premises.” The key factor about this Bitcoin bank is that it isn’t related with Bitcoin …