No, ABN Amro Isn't Releasing its Own Bitcoin Wallet

Dutch banking giant ABN Amro has denied it is seeking to release a bitcoin wallet.

The new statements follow the discovery of an ABN Amro web page that appeared to discuss a potential bitcoin wallet offering and the rampant social media speculation that quickly followed.

In statements, a representative for ABN Amro said that while the bank had experimented with the idea "three or four years ago", the project was short-lived and quickly shelved.

A spokesperson said:

Nonetheless, the idea sparked widespread enthusiasm on social media, with many bitcoin enthusiasts lauding it as a potential boost for the digital currency.

However, it's worth noting that the idea isn't exactly far-fetched.

Estonia's LHV Bank, for example, has previously released a bitcoin wallet app, while accounting giant Deloitte this week installed a bitcoin ATM in its Toronto offices.

Image credit: TasfotoNL / Shutterstock.com