Dutch bank ABN AMRO has released a crypto storage service called Wallie. First 500 clients have been already granted access to the service on an experimental basis.
As the company spokesperson noted, ABN AMRO intends to provide custody services with the interface commonly used for everyday banking operations. Thus, it became the first bank in the Netherlands that develops tools to work directly with bitcoin. Meanwhile, another Dutch bank Rabobank expressed similar intentions in February 2018.
Access to Wallie is reportedly provided in a test mode now. Notably, the bank official page says that the service is not available yet.
Notably, the bank earlier stressed that since cryptos are not controlled, issued, and covered by the guarantee obligations of the central bank, it will not provide any opportunities to invest in bitcoins or other cryptocurrencies through its platform.
Currently, ABN AMRO is ready to provide security guarantees for private keys worth EUR 6,000.
Nevertheless, the solution infringes the basic principle and major advantage of all cryptos; the clients that are going to use it will pass control over their assets to the third party, which can have certain consequences.
It was also reported today that another Dutch bank ING entered into an agreement with R3 regarding the application of commercial Corda platform.