Forget about complex cryptocurrency exchanges! Major European banks are taking a revolutionary step: now you can buy, sell, and store cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and stablecoins (for example, USDC, which is pegged to the dollar), directly in your bank's mobile app.
What does this mean?
Manage regular euros and crypto assets from one convenient app.
When banks that comply with European regulations work with cryptocurrency, it makes it more reliable and secure.
You don’t need to understand complex crypto wallets. The bank takes care of all technical details and security issues.
Who is already in the game?
BPCE (France): This large bank launched a pilot project allowing its clients to trade $BTC , $ETH , $SOL and USDC through its subsidiary Hexarq.
BBVA (Spain): The BBVA bank has expanded its services, allowing retail clients in Spain to buy and sell Bitcoin and Ethereum through the banking app.
Openbank (Santander): The digital bank Openbank launched crypto trading for its clients in Germany, and then in Spain.
Raiffeisen Bank (Austria): Collaborates with the crypto platform Bitpanda to offer crypto services to its clients.
Qivalis Consortium: A group of European banks is creating its own stablecoin tied to the euro.
The integration of cryptocurrencies into banking services makes this world more accessible. It’s a great way to start getting acquainted with digital assets under the reliable "wing" of a bank. But remember, investing in cryptocurrency always carries risks.
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