BBVA, one of the leading financial institutions of Spain, received the necessary regulatory approvals after Bitcoin $81,701.23 and Ethereum 
$1,920.32 It aims to provide users a trade service to support their transactions. The Bank said that its customers will gradually implement the new service where the customers can perform crypto assets and management transactions through mobile application.
Regulatory approval and gradual application
Following the approval of the National Securities Market Commission, the country’s capital market regulator, the BBVA plans to offer transaction services to a particular group of user in the first place. The service will be opened to a limited segment in the short term, and then it is expected to be delivered to all private banking customers.
Trust and integration in digital experience
The new service is being developed on the basis of similar initiatives implemented by the Bank into Switzerland and Türkiye. BBVA stated that it aims to provide customer experience in an integrated structure by offering digital assets through the mobile banking application.
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The Bank will use its own encryption key storage platform to strengthen the experience in digital channels. Thus, it aims to protect customers’ crypto assets without being connected to third parties. This feature is considered an important step to increase the safety standards of the service.
BBVA Individual Banking Manager Gonzalo Rodríguez emphasized the easy accessibility of service and ease of digital processing.
“We want to ensure that our customers realize crypto asset investments in a simple and accessible structure. This service, which is offered through the mobile application, is supported by BBVA’s financial assurance and technical infrastructure. ” – Gonzalo Rodríguez
This move to be made by the Bank has the potential to bring a new breath to the sector in terms of spreading digital financial services. The gradual commissioning of BBVA’s service is considered one of the important steps taken for the digital transformation process.
The Service Platform aims to enable users to perform digital assets on a safe ground while integrating the existing mobile application experience. This development can be evaluated for those looking for information on the implementation of digital transformation and customer -oriented innovation strategies in the financial sector.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
