Major Dutch Bank May Be Developing A Crypto Wallet


After an unnamed representative of Dutch Rabobank called Bitcoin a “risky” product and continued with:

“Ownership and value transfer are completely anonymous and evade supervision by third parties, such as a government. Which means that cryptocurrency does not meet the highest standards of compliance set by Rabobank,”

– it didn’t seem as if the bank would be entering the crypto scene any time soon.

Now however, it seems that the Major Dutch Bank with over $681 billion in managed assets, is looking into developing their own cryptocurrency wallet.

Rabobank has launched a single-page website to promote their potential entry into cryptocurrencies and to see if the public is interested in such a move.

Why exactly?

According to the single-page information, Rabobit (Rabobank’s cryptocurrency project) would offer their clients an access to all funds “through one bank account” and let them “send and receive funds, including cryptocurrencies, in one environment.”

With 8.7 million clients all around the World, Rabobank is certainly a large player. It’s interesting to see player of such size taking an aim at the crypto-market.


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