Fidor Bank CEO hails bitcoin as natural part of digital lifestyle

Matthias Kröner, CEO of Fidor Bank of Germany, while speaking to IBTimes shared his views on Bitcoin, Bitcoin regulations, and also the laid-back attitude of politicians in his country that he is facing and also spoke about the importance of the cryptocurrency.

He said that bitcoin is the "natural part of digital lifestyle" and that his bank will open up in UK this year. He acknowledged the absence of proper Bitcoin regulations in his own country and said that he himself has tried to convince politicians on digital currency regulations numerous times by citing benefits that they could reap in an increasingly bitcoin-friendly world.

But he added that his arguments have not succeeded to convince the authorities on Bitcoin. He also criticized the politicians and their failure in understanding the significance of Bitcoin and other digital currency by calling them "the biggest local disadvantage."

Fidor Bank is an innovative German bank that received a full European banking licence in the year 2009. This year, it announced a "Bitcoin Express" service which will allow users to buy and sell bitcoin instantly on its partner exchange, bitcoin.de. The bank also entered into a partnership with Kraken in the USA.