Swiss Bank PostFinance Introduces Ethereum Staking for Passive Income

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Hongji Feng

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Hongji Feng

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Hongji is a crypto and tech reporter. He graduated from Northwestern University’s Medill School of Journalism with a Bachelor’s and a Master’s. He has previously interned at HTX (Huobi Global),…

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swiss Ethereum

PostFinance has introduced Ethereum staking to its cryptocurrency services on Thursday, allowing customers to earn passive income through its platform.

According to the announcement by the bank, this new staking feature is part of PostFinance’s collaboration with Sygnum, a FINMA-regulated digital asset bank.

Ethereum Staking with Minimum 0.1 ETH Deposit

Initially available for Ethereum, the service integrates with the bank’s existing app and e-finance systems, offering customers transparency and ease of access.

PostFinance customers can participate in staking with a minimum deposit of 0.1 ETH, providing a straightforward entry point for users.

The bank emphasized that staking is conducted directly on the Ethereum blockchain, ensuring a high level of transparency and security.

“The ‘staking’ service is completely integrated into PostFinance’s existing services. This means that customers can see their ‘staking rewards’ directly in their asset statement, together with their other crypto assets,” said PostFinance Head of Digital Finance Alexander Thoma.

The staking rewards will be displayed alongside other crypto assets in customers’ asset statements within the bank’s app and e-finance platform. The integration allows users to track their earnings in real-time.

Currently, the staking feature is limited to Ethereum, but PostFinance has indicated plans to expand the service to include other cryptocurrencies in the future. Details about the timeline for these additions have not yet been disclosed.

Proposal to Include Bitcoin in Swiss Constitution

In a related development reflecting Switzerland’s broader engagement with cryptocurrency, Swiss legislator Samuel Kullmann recently initiated a proposal to incorporate Bitcoin into the Swiss constitution.

According to crypto advocate Dennis Porter, the referendum plan requires gathering 100,000 signatures within an 18-month timeframe, after which a public vote on the proposal can take place.

The proposal, which has reached the Swiss federal government review stage, also intends to educate canton-level parliament members about Bitcoin as part of the signature collection process.

Porter emphasized the symbolic significance of the effort, describing it as a way to advance awareness and adoption of Bitcoin.

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