- PostFinance introduces Ethereum staking, enabling customers to earn passive income with a minimum of 0.1 ETH locked for 12 weeks.
- Switzerland considers adding Bitcoin to national reserves alongside gold, though it is cautious due to its volatility and energy concerns.
PostFinance, a Swiss state-owned bank, has made a big step toward increasing its digital asset offerings by providing staking for Ethereum (ETH), the second-largest cryptocurrency by market cap. This action lets consumers directly generate passive income using the mobile app and e-finance platform of the bank.
Users of Ethereum starting January 16, 2025, can stake a minimum of 0.1 ETH. Participants would earn staking incentives automatically deposited to their accounts while the staked assets are locked for a minimum of 12 weeks, according to Bloomberg Crypto.
Streamlining Ethereum Staking with Sygnum Partnership
The project fits PostFinance’s larger partnership with digital asset specialist Sygnum Bank to seamlessly include blockchain-based services into its products.
By means of this collaboration, the bank seeks to streamline the staking process for its customers, thereby enabling them to engage in Ethereum’s consensus mechanism free from the technical complexity sometimes linked with staking.
As they will be shown alongside other assets on the platform’s interface, customers may also track their staking rewards in real-time, therefore offering an improved and open user experience.
PostFinance not only supports its status as a progressive financial institution but also provides chances for its clients to diversify their portfolios by entering the staking area. Though Ethereum is the only crypto accepted for staking right now, the bank has stated plans to soon integrate other digital assets in its products.
This development reflects the rising integration of crypto into mainstream banking institutions and fits the growing demand for blockchain-based financial services.
Although PostFinance’s staking service is novel, it also shows Switzerland’s changing stance on cryptocurrency. CNF previously reported that Switzerland is considering adding Bitcoin to its national reserves alongside gold.
The Swiss National Bank has shown reluctance in accepting Bitcoin, meanwhile noting issues over its volatility and the environmental effect of its energy use.
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