Charles Hoskinson, the founder of Cardano, recently recommended Swiss government-owned bank Post Finance on social media. He highlighted Postal Finance’s early support during his Ethereum days, as well as their recently expanded cryptocurrency services, including Avalanche, Cardano, Polkadot, XRP, and Solana, for trading and custody.
Postal Finance announced the inclusion of these five new cryptocurrencies on its trading and custody platforms. The bank acknowledged its past collaboration with Hoskinson and expressed its satisfaction that Cardano is now part of its cryptocurrency portfolio. The move is consistent with Postal Finance’s history of supporting cryptocurrency projects.
Reactions from the crypto community were mixed. Swiss citizens and meme fans generally responded positively to the recommendation. One commenter speculated on a potential collaboration with Pepe, while another suggested Postal Finance explore the wider Cardano ecosystem, specifically the memecoin Nike, which is associated with Hawkinson’s pet pig.
However, there are negative emotions as well. One commenter shared a negative experience with Post Finance, while another questioned the bank’s stability, citing the bankruptcy of exchange Celsius.
This latest news comes just a few months after Postal Finance announced it would move to support digital assets. On the morning of February 21, 2024, Postal Finance announced the launch of crypto services, allowing customers to easily purchase or securely store the first 11 cryptocurrencies, and to establish crypto savings plans, similar to traditional fund savings plans, to further promote user-friendliness and transparency.
Hoskinson’s social media activity coincides with his recent statements on Cardano’s broader mission. He emphasized the project’s global impact rather than the token price, reflecting on Cardano’s development and the criticism it faced as it neared completion. His focus remains on Cardano’s transformational potential rather than its market valuation.
Amid these developments, Cardano (ADA) is trading at $0.4156, reflecting gains of $1.701T over the past 24 hours and $6.871T over the past week. ADA’s 24-hour trading volume is $296,858,134, highlighting its dynamic market presence.
Disclaimer: This content is for informational purposes only and should not be considered financial advice. The opinions expressed in this article may contain the personal opinions of the author and do not reflect the views of The Crypto Basic. Readers are advised to perform thorough research before making any investment decisions.
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