A Norwegian bank invests in a cryptocurrency exchange
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Answer A Norwegian bank invests in a cryptocurrency exchange
Norway’s Sparebanken Øst has invested in one of the cryptocurrency exchanges owned by entrepreneur Bjorn Kjoss.
According to As stated in the press release, the bank bought 16.3% of the shares of the Block Exchange platform and its symbol (NBX) for 15 million Norwegian kroner (approximately $ 1.6 million).
The company started developing the platform in 2018, and it intends to soon offer its services for cryptocurrency trading and providing solutions for payments, savings and other services based on blockchain technology.
The platform previously revealed its partnership with Norwegian Air. As part of the partnership, the airline is expected to accept digital currencies as a payment option for airline tickets.
Read:One of the most famous American football teams adopts Litecoin (LTC) as its official currency
The statement said that thanks to the support of Sparebanken Øst, the platform can offer unique financial solutions to its clients.
It is worth noting that Sparebanken Øst made it the first Norwegian financial institution to invest in the world of cryptocurrency exchanges.
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