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The Royal Bank of Canada is considering opening a cryptocurrency exchange

With over 150 years of history, The Royal Bank of Canada (RBC) is one of the most trustworthy and secure banks in Canada.

Also as a workplace, RBC is recognized every year as one of Canada’s best jobs.

This will help the great advantage of RBC is that its employees build honest and deep customer relationships.

Thanks to this the bank’s products are very well adapted to the demands of modern times, thus RBC is now a well-known player in the national as well as the global arena. So nowadays RBC is an iconic brand with leadership standing both in Canada and globally – still earning the right to be our clients’ first choice.

According to industry rumors of the banking industry, RBC will be the first traditional bank that is implementing it in legal banking and opening legal cryptocurrency exchange. This exchange can be the first legal business in Canada for trade with one currency for another. It would be especially exciting for investors and booth regular customers – who want to trade with cryptocurrencies.

The name and global position of RBC would provide a separate guarantee in this case, with a high level of trust.

The reality seems a bit different, according to the bank’s official statement from the 7th of June 2019:

Important Information regarding cryptocurrency transactions Effective immediately, RBC will no longer be allowing the use of RBC credit cards for transactions involving cryptocurrency. We regret any inconvenience this may cause.

Sometimes the banks official statements and the rumors seems to have a huge gap – what do you think? Will they be the first traditional bank using Blockchain technology? Let us know in the comments!

Sources:  RBC Notice, RBC Our Recent past, Investopedia
Image by Pexels from Pixabay


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