Institutional interest in crypto picks pace

Sinegy is seeing an increase in institutional interest in cryptocurrencies. A start-up is in the process of setting up a corporate account with Sinegy to offer its users the option of depositing their money in cryptocurrency. For example, if clients of the start-up want a refund for a cancelled service, the start-up wants to provide them with the option to receive their money in the form of cryptocurrency. Sinegy currently offers its clients two cryptocurrencies: Bitcoin and Ether, and is looking to add Ripple to its list. The Securities Commission of Malaysia has approved five cryptocurrencies that can be offered to the public, including Litecoin and Bitcoin Cash.