The Dutch multinational bank Rabobank has announced that it is planning to release a cryptocurrency wallet called Rabobit. This comes as a surprise, since Rabobank had previously refused to do business with companies involved in digital currency.
Rabobit was created through the internal program “Moonshot” within Rabobank. The Moonshot program gives Rabobank employees a platform on which to present ideas for innovations. The bank describes Rabobit as “a cryptocurrency wallet within the online banking environment.”
Rabobank recently landed in hot water after its California division pleaded guilty to conspiring with Mexican drug cartels to launder their fortunes.