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ABN AMRO Bank Service, Bitcoin Turnover, Gram Launch

01/24/2019
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Dutch bank ABN AMRO will help customers keep cryptocurrency, Bitcoin turnover has overtaken PayPal and Western Union. The start date of the TON service has become known.

Cryptocurrency storage service from ABN AMRO

Bank from Holland ABN AMRO offered its clients a specialized Wallie service for cryptocurrency storage. 500 active accounts are already connected to it, but at present the work is being carried out in test mode. At the same time, the bank undertakes to guarantee the amount of up to 6,000 euros.

Last year, ABN AMRO refused to work with cryptocurrencies, citing their increased volatility. Now its attitude to digital financial assets has changed dramatically. However, it should be recognized that when connecting to the Wallie service, the client loses one of the main advantages of Bitcoin - anonymity. The owner of the wallet works with it on the same interface as with traditional banking services.

Cryptocurrency storage service from ABN AMRO

Bitcoin turnover is bigger than PayPal and Western Union combined

A study of the cryptocurrency fund Satoshi Capital Research has shown that in 2018 bitcoin transactions reached 3.3 trillion US dollars. To understand how the cryptocurrency has become popular in the financial space, it is enough to compare the numbers.

During the same time, the PayPal payment system conducted operations for 0.5 trillion. And Western Union is only 0.2 trillion. It turns out that Bitcoin as a payment system far outpaced its competitors. First of all, this achievement was obtained at the expense of a very low commission. The cost of one transaction in the blockchain can drop to a dozen cents. And it absolutely does not matter what kind of amount will be transferred.

Bitcoin turnover is bigger than PayPal and Western Union combined

Cryptocurrency Gram will appear in March

The Bell publication said that the TON blockchain platform and the Gram cryptocurrency of Pavel Durov will be launched in March this year. Over the next month, a test version will be provided to investors and its capabilities will be demonstrated. Now TON's readiness is about 90%.

However, it is worth recalling that in the fall the developers declared that already 70% of the works were successfully completed. And they promised to launch the platform in early 2019. And before that, plans to launch the platform in mid-2018 were voiced. According to the ICO, if the project is not launched before the end of 2019, the investment will be returned to the owners in full. A total of $ 1.7 billion was raised.

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Cryptocurrency Gram will appear in March

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