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It allows its clients to participate from 0.1 ETH.
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The entity claims to be the first bank to offer the service.
While the world watches the return of Donald Trump to the White House in the United States with the promise of making radical changes with Bitcoin, the Swiss bank PostFinance introduces the Ethereum staking service, an option that allows holders of ether (ETH), generate passive income.
«Deposit your coins for at least 12 weeks and receive regular rewards for participating in the process«notes one of the largest retail banks in Switzerland, with approximately 2.7 million clients, which represents a considerable portion of the Swiss population.
According to the definition of the NoticiasVE education academy, staking is the act of leaving cryptocurrencies deposited in a smart contract, wallet or exchange in order to receive profits. This practice also fulfills operational or security functions for the network in which it is carried out, since it is an alternative to traditional cryptocurrency mining.
In general terms, staking can be described as a monetary investment and an activity on the network. Unlike holding, staking users cannot move their cryptocurrencies again for a set period, committing them to the blockchain.
PostFinance allows its clients to participate in staking from 0.1 ETH. To get started, users must open a cryptocurrency wallet, which is done by logging into e-finance or the PostFinance app. After this, customers They can start staking with a minimum term of 12 weekswith the automatic extension option. By participating, customers receive regular token rewards.
The financial institution claims to be the first systemically important bank to offer this type of service in Switzerland, standing out against a backdrop of growing enthusiasm for digital assets, both in the country and internationally.
PostFinance’s statement on the launch of its staking service coincides with the presentation of a proposal by a group of bitcoiners for a national referendum. This initiative seeks to instruct the Swiss National Bank to include bitcoin in its reserves, along with traditional currencies such as the dollar, euro and gold. Proponents hope that the creation of a BTC national treasury in the United States will inspire Swiss authorities to consider the pioneering digital currency with greater acceptance.