<p>Switzerland's InCore Bank has enabled fiat on-ramps for crypto exchange Kraken's European clients.</p> <p>The <a href="https://www.sobaco-incore.com/en/sobaco-group/news/corporate-details/incore-bank-integrates-with-leading-global-crypto-exchange-kraken">move</a> means Europe's retail and institutional clients who want to buy crypto via Kraken can do so by transferring their fiat via InCore Bank.</p> <p>The bank is initially supporting euro (EUR) deposits via the Single Euro Payments Area (SEPA) system — a payment system created by the EU that simplifies euro bank transfers.</p> <p>Looking ahead, InCore and Kraken plan to support three more currencies — British pound (GBP), Swiss franc (CHF), and Canadian dollar (CAD) — in Q3 of this year. Kraken's<a href="https://support.kraken.com/hc/en-us/sections/360000074766-Single-Euro-Payments-Area-SEPA-bank-transfers"> other European banking partners</a> include Germany's Fidor Bank and Liechtenstein's Bank Frick.</p> <p>InCore Bank CEO Mark Dambacher said cryptocurrencies are a "valuable addition" to modern investment portfolios and will be "indispensable as a payment and investment value" in the future.</p> <p>InCore appears to be betting big on the crypto space. In May, the bank <a href="https://www.sobaco-incore.com/en/sobaco-group/news/corporate-details/incore-bank-launches-access-to-digital-assets">received</a> authorization from the Swiss Financial Market Supervisory Authority FINMA to provide brokerage, custody, and tokenization services of digital assets. InCore has also set up a dedicated division called "digital services" to introduce these services via various partners.</p>