Busting 3 Myths in Crypto
Don't let myths hold your bank back. Offer your customers the full benefits of crypto today and unlock new growth opportunities.
Myth 1: "There is No Customer Demand for Crypto"
Data shows strong and growing demand for crypto services across Germany:
- Over 7 million Germans currently own or use cryptocurrencies.
- 22% of Millennials have invested in crypto, more than in stocks, funds, or real estate.
- 50% of customers would consider switching their bank or broker if no crypto offering is available.
Key Insight: A crypto offering is no longer a “nice to have” — it directly impacts customer retention and acquisition, especially among younger generations.
Myth 2: "Crypto Trading is Enough"
Many believe offering simple crypto trading services is sufficient. However, real customer demand proves otherwise. In fact, full crypto functionality, including deposit and withdrawal options, is now expected by customers.
- 66% of customers demand deposit and withdrawal options ([KPMG Study]).
- Revolut and PayPal initially didn't offer crypto withdrawals — both later added the feature due to massive customer demand.
- Robinhood was fined $3.9 million for restricting crypto withdrawals.
Key Insight: In VR-Banks, customers trade with 10x higher transaction volume compared to typical neo-brokers when a full crypto solution is available.
Myth 3: "Own Crypto Solution: Too Much IT Work and Does Not Worth It"
Reality: A real, fully-integrated crypto solution can be live in less than 7 days without disrupting existing banking IT systems.
- Fully compliant with German regulations
- Offers a complete trading portal, including secure deposit and withdrawal features.
- Already successfully implemented at two VR-Banks, creating new revenue streams.
Key Insight: A crypto offering is no longer a “nice to have” — it directly impacts customer retention and acquisition, especially among younger generations.
The Real Crypto Solution for Banks.
We offer banks a crypto-native solution with:Training for management and staff to competently discuss crypto with customers. Legal & Compliance Templates to simplify regulatory implementation. Full Technical Integration, independent of existing IT structures. Expert Support from experienced financial industry professionals. Don't let myths hold your bank back. Offer your customers the full benefits of crypto today and unlock new growth opportunities.