An announcement has been made by Swiss banking group, Swissquote regarding their plan to launch a cryptocurrency custody service this month. The company will become the first European online bank to offer clients the option of trading cryptocurrencies against EUR and USD. The customers will be also allowed to transfer crypto from external wallet to their account at Swissquote and vice versa.
A Blockchain is a growing list of records, called blocks, which are linked using cryptography. Cryptography is the practice and study of techniques for secure communication in the presence of third party adversaries. Cryptocurrency is a digital currency that uses encryption (cryptography) to regulate the generation of currency and verify the transfer of funds, independently of a central bank.
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