BBVA has become the largest shareholder of the startup.
Alfonso Gómez, CEO of BBVA Switzerland, believes the collaboration with Ripple will keep the two firms ahead of the market.
Despite the delay on the regulatory front, several banks have perfected plans on incorporating cryptocurrency assets into their offering.
BBVA executive raises concern over the adoption of digital euro and states that there is a need to create a flexible framework that will encourage public-private partnership.
Spain’s BBVA Bitcoin trading and custody service are an actualization of a long-term plan and is opened to clients in Switzerland only.
BBVA has been reportedly working on making its crypto service debut for months as it has integrated a solution for providing cryptocurrency custody infrastructure called SILO in a move similar to Russia’s Gazprombank.
Fintech solarisBank in its recent Series C funding round has raised $67.5 million. The bank got contributions from BBVA, ABN Amro, and SBI.
Atom Bank, one of the UK’s challenger banks, has secured a £50 million investment in a new funding round led by BBVA. Atom bank partnered with a fintech provider last year, to migrate its functions to blockchain platform – Vault.
Brad Garlinghouse, the CEO of cross-border payment giant Ripple, has weighed in on JP Morgan’s USD-pegged stablecoin, again.
Owing to the blockchain technology, two companies have renewed a credit line worth €325 million, the first initiative of this collaboration.
The use of blockchain considerably reduced the time of entire loan process – from negotiations to signing the loan – from a few days to just a few hours.