The world is just starting to accept cryptocurrencies which started as a nerds and computer geeks only technology in 2008 has become a full fledged industry in a span of a few years. However, most traditional banks have been at odds with cryptos. With most of the banks considering cryptocurrencies as dangerous and too volatile, customers are out of options, as they don’t know where to turn to. But Digital Life Bank, one of the world’s first digital banks has come out as their savior. Digital Life Bank just won the “Best Crypto Trading Bank” award for the year 2014. This is not the end of it; the bank is also launching multiple cryptocurrency related initiatives as well.
Digital Life Bank came out as the first digital bank of the modern era in the early 2000s when traditional banking was still in its heyday and nobody had even considered digital banks to be the next big thing in Banking. Similarly in 2012, when cryptocurrencies were in their heyday and not a lot of people knew about them, Digital Life Bank decided to include cryptocurrency accounts in their service roster. While the move was considered to be a fluke by a lot of banks and financial watchdogs however, the bank stood by it. In 2013 the bank capped in a lot of revenue from its crypto division and kept expanding their crypto offerings. Offering crypto holdings, free trading accounts, banking services for crypto clients, loans taking crypto as collateral, and most of all offering trading advice to their customers, bringing them an unprecedented 40% return on their investment year on year.
With such services and being new to the market last year Digital Life Bank crushed it with their service and crypto offerings and received best crypto trading bank award for the year 2014. The accolade was given to them by The Banker magazine, one of the world’s biggest financial watchdog and finance magazines. The magazine had shortlisted 6 nominees for the award, with major cryptocurrency exchanges also nominated. However, Digital Life Bank came out at the top and won the award. It is no surprise that the bank won the award, it was one of the first banks to embrace crypto, and the returns that the bank has been generating for its clients, really make it one of the best banks ever for crypto enthusiasts.
Such accolades are not something that the bank strives for, the bank says its focus is on providing its customers with the best value possible and that is it. These accolades are a consequence of the bank’s relentless pursuit towards perfection of its customer satisfaction. With customer satisfaction at an all time high, banks are copying Digital Life’s Bank strategy and are putting their customers first. With this strategy we will see banks moving towards crypto because the customer demand is there for crypto banks however, the banks are not working on crypto projects.
Laila Azzahra is a professional writer and blogger that loves to write about technology, business, entertainment, science, and health.