PostFinance, the Swiss national postal operator, and Swissquote, a popular online bank, have teamed up to launch an app to purchase Bitcoin.
The app, which has been dudded Yuh, will give its users access to buy BTC, ETH and other 11 cryptos. The app will charge a 1% fee for all purchase and sell transactions. However, this is the only fee that users will have to pay, since account management, P2P transfers, payments and debit card deposits will be completely free.
In addition, Yuh does not only offer cryptocurrencies, which means its users will also be able to trade 100 stocks and ETFs (exchange-traded funds).
Users interested in Yuh can download it from the App Store and Google Play.
The launch of the app has been accompanied by the issue of the crypto Swissqoin. As a result, when users open an account on the app and fund it with CHF 500, they will receive the same amount in Swissqoin.
We should not forget that the country approved last year a legal framework aimed at regulating the cryptocurrency sector.