Telephone:+47 55 26 00 00
Folke Bernadottesvei 38
Skandiabanken executives are starting to see bitcoin as an asset class for the 21st century. “We recognize cryptocurrency as an investment class similar to other securities,” Christoffer Hernæs, Skandiabanken’s Head of Innovation and Development explainsto local news outlets.
Skandiabanken conducts all of its services online and is currently the most popular internet bank in Norway. The bank believes customers will appreciate the new feature as it provides members with an overview of their digital investments. The service will initially only be offered to Skandiabanken customers using the bank’s payment platform.
Hernæs details that cryptocurrency is still a very nascent technology and economy. “It’s still an early phase for cryptocurrencies,” Hernæs states. “It may be ok to test the waters, without jumping into it head first.” The new feature constitutes as the “first step in a direction we believe in,” explains the Skandiabanken executive.
The Skandiabanken feature is similar to the American financial services company USAA’s Coinbase integration. Back in November of 2015, USAA started a program allowing customers access to their Coinbase accounts using the firm’s online and mobile applications. Just like USAA’s program, Skandiabanken customers simply log into Coinbase through the bank’s login portal.