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SEBA Cryptobank launches its activities in Switzerland

Bank Seba starts operations in Switzerland. Swiss clients can now open an account with the bank specialising in digital assets. This Zug-based fintech company is fully operational only 18 months after its creation and just a few weeks after the Swiss Financial Market Supervisory Authority (FINMA) obtained a banking license. Seba's comprehensive banking services are aimed at banks, asset managers, pension funds, companies and professional private investors. In addition, a limited range of services specifically aimed at Swiss blockbuster companies and their employees has been deployed, for example allowing them to access a corporate account with a Swiss bank.

In its press release, the Zug-based financial institution explains that it wants to build a bridge between the traditional and digital banking world by offering a wide range of services in the areas of asset management, trading and financing. Indeed, Seba's clients can invest in traditional and digital assets, store and market them and take out loans via an integrated interface. Using the SEBAwallet application, E-Banking and the SEBA card, the bank's customers can manage five cryptocurrency systems (Bitcoin, Ether, Stellar, Litecoin and Ether classic) and convert them into traditional currencies and vice versa, all online. With 42 million points of sale where the Seba card can be used, the bank explains that this represents "an important step towards the massive introduction of cryptocurrencies". The launch of all activities abroad is scheduled to take place within a few weeks.

The SEBA card represents an important step towards the massive introduction of cryptocurrencies Guido Bühler, CEO of SEBA Bank

Based on: SEBA Swiss