RATE Group | Bank Teaches Clients About Bitcoin
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Bank Teaches Clients About Bitcoin

Bank Teaches Clients About Bitcoin

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The Next Level of Crypto Adoption: Bank Teaches Clients About Bitcoin 101
Source: iStock/RapidEye

One German bank has an original way to teach its clients about the world’s most popular cryptocurrency, Bitcoin (BTC). It needs only two old-school things to accomplish this: a pen and a paper.

Recently, Cryptonews.com wrote about the Bitcoin-bullish report published by German bank Bayern LB. We’ve had a chance to talk with the author of the September 2019 report, Senior Economist and FX Analyst in the research team of Bayern LB, Manuel Andersch.

Andersch told us that “’crypto’ is a rather meaningless word” to the Economic Research Department (which is the part of the bank looking into BTC), as the Department is exclusively interested in Bitcoin as an alternative monetary system, but also in the products and additional layers that are built on top of BTC as the base layer, such as the Lightning Network.

“There is a constant interest on the client side to learn more about Bitcoin,” the economist told us. These are the bank’s corporate…

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