Currently, the bank offers term deposits only in Monero but has hinted that it is working on plans to expand into other cryptocurrencies in the near future
Ras al Khaimah, United Arab Emirates--(Newsfile Corp. - December 14, 2021) - Goldman Lampe Private Bank has set the record of being the first bank in the world to offer crypto term deposits. United Arab Emirates headquartered bank, in making the announcement, described the move as being in line with its core mission of offering the most innovative on the private banking market.
"The purpose of creating the Goldman Lampe bank was to provide customers with the best service on the private banking market, with a guarantee of complete secrecy. In a short time, thanks to innovative and exceptionally personalised services, we have become a leading bank that serves the most demanding customers." - said Adam Jonas Smith, Head of Public Relations.
While cryptocurrencies were initially met with resentment by most banks and other corporate financial institutions, they, however, rose through the negative sentiments by establishing themselves as a reliable investment instrument.
The new offer by Goldman Lampe bank, which is the first of its kind, will allow people to make term deposits in Monero and receive lucratively returns on their investment at the expiration of the agreement. For standardisation purposes, the private bank has structured its crypto term deposit service into three distinct tiers with both 6 months and 12 months plans with minimum deposit of 50.000 euro.
Described as one of the most significant financial institutions in the offshore private banking sector, Goldman Lampe bank is an expert in offering the best solutions for personal banking, business accounts, and wealth management for the stupendously rich and these who appreciate almost anonymous banking. The bank has also recently purchased 150 million Euro worth of Monero, specifically to guarantee the protection of clients' transactions. One of the most popular features of Monero is the digital currency's high degree of anonymity. Among its several privacy-enhancing features, is the fact that transactions with Monero are completely unlikable and untraceable. Those individuals who value privacy and would like to take receipt of goods or services anonymously will appreciate the advantages of Monero.
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