Swiss subsidiary BBVA announces ether trading service

The Swiss branch of BBVA, one of Europe's largest banks, has announced that it will expand its regulatory and cryptocurrency services and launch an Ethereum services business. In addition to the old Bitcoin, users can view digital and financial assets still available in the app and exchange them for euros, US dollars and all fiat currencies.

BBVA encryption service

BBVA's Swiss branch cryptocurrency platform will launch on June 21 this year, offering Bitcoin trading and monitoring to private bank users, with a gradual plan to expand to other crypto-coins. currencies. The then leader said, “Security enhancing crypto assets and analytics services are volatile and risky, but it can be seen that investors still have a strong need for diversity in their resources.

The BBVA crypto service has been integrated into the banking application. In addition to viewing cryptocurrencies and traditional financial instruments, users can also view investments from other consumers and financial instruments (Cathie Wood, Buffett, etc.).

BBVA announced on December 13 that it would expand its Ethereum storage and exchange services. It is available 24 hours a day and can be made to order in any size.

BBVA hopes to continue expanding its crypto services over the coming months and establish itself as a pioneer in banking using blockchain technology.

Foreign media have also reported that the German Savings Bank will also launch a cryptocurrency service next year.

50 million bank users

According to an investigation by the foreign newspaper "FinanceFWD", German financial companies, big banks and local governments have started to develop crypto wallets, and the German savings bank (Sparkasse) continues to prepare to try to open users. Trade Bitcoin and Ether.

Sparkasse has around 50 million users, but above all around 370 independent companies, scattered throughout the German city. The committee will vote early next year and if approved, the first version of the crypto wallet will be live later next year.

As each bank operates on its own, it decides whether or not to join the cryptocurrency market, so 50 million users seem to benefit, but some The Power of Crypto communities are still quietly accepting the news, and German banks don't comment. neither.