Online bank Dukascopy plans to enter the crypto-currency market with several new products aimed at attracting speculative clients.
Dukascopy Bank is planning to launch two crypto currencies onto the market, it said on its website. The issuance of these currencies, with the help of a mobile current account, or MCA, should help develop and spread an innovative type of Swiss bank account.
So-called Dukascoins should be available in two to three months, with these ethereum-based crypto-currencies serving as both payment and speculative instruments, the bank said. The coins should gain in value due to the limited size of the offering, it said.
Unbeatable Terms
The issuance should also encourage the use of Dukascopy’s mobile current accounts. This form of account, embedded in an app, will offer bank clients «unbeatable conditions» for inter-client bank transfers.
Every customer who opens a mobile current account will receive Dukascoins. For those who don’t trust the system, the tokens can be exchanged at a one-to-one ration for euros – an offer so unattractive that most clients would reject.
Regulatory Nod?
While the development of Dukascoins are well advanced, the so-called Dukasnotes are still in the planning phase. Unlike the speculative coins, the notes will be tied to traditional currencies.
Dukascopy plans to issue the notes two to three months after the coins. However the bank warns that the implementation of the plans could be delayed by the necessary approval of Swiss market regulator Finma.
