JDC Group, in cooperation with Liechtenstein-based Bank Frick, has created an infrastructure for crypto assets and cryptocurrencies that will be integrated into its proprietary app for managing insurance contracts, investments and bank accounts, the company announced in a press release issued recently.
The closer cooperation between the two companies has set the course for a simple, customer-oriented procedure for the purchase and safekeeping of crypto assets and cryptocurrencies. In the next step, the “all-in-one” app will be expanded to include functions for displaying, processing and storing crypto assets, according to the company.
JDC Group offers crypto investors a particularly easy-to-use procedure for their investments.
Consultants and end customers can already add an existing insurance policy, for example, with just two clicks in the WebApp. The cooperation and the new functions will make it similarly easy for crypto investments.
To make this possible, JDC Group wants to develop online interfaces together with Bank Frick in order to be able to offer “an integrable, fully digital solution” in the app.
JDC Group launches an app for cryptocurrency investments
JDC Group CEO Stefan Bachmann describes the currently available solutions “for the purchase, value representation and safekeeping of cryptocurrencies” as “complicated and technical” and says that this reminds him of “the MS-DOS operating system from the 1990s.” Together with Bank Frick, JDC Group wants to start here and create a “system that is easy to use and at the same time trustworthy and secure.”
JDC Group is currently preparing the Initial Coin Offering (ICO) of its own Blocx token, which will provide a kind of payback system for a customer loyalty program in which JDC Group customers, consultants, and intermediaries can be rewarded with tokens for each business brokered through JDC Group subsidiaries. Blocx will also be managed via the app.
Bank Frick is expected to take over the secure custody of crypto assets for the project with JDC Group in the future. The institute already operates its own cold storage for cryptocurrencies and enables its customers to make direct investments in Bitcoin (BTC), Bitcoin Cash (BCH), Litecoin (LTC), XRP (XRP), and Ethereum (ETH).