The online exchange Kraken and the German bank Fidor have announced their plans for building the first cryptocurrency bank in the world in order to offer an alternative to the big banks for the crypto currency users and businesses. The goal of the Cryptocurrency Bank (BYSE Bank or BICONDO), which is not the final name as the users currently have the option to vote for the name of the bank on the official website, wants to make it easier for people that are involved in the Bitcoin ecosystem to save valuable time and resources and not worry that a traditional bank may stop servicing their personal or business accounts because they are used for operations with Bitcoin.