Video: International Bank BBVA's Quick Explanation of Bitcoin
Do you wonder how big banks view Bitcoin? BBVA, who recently ranked Swedish exchange Safello as a finalist in their annual financial technology competition, BBVA Open Talent, followed up with a short explainer video on Bitcoin. In the space of three minutes, BBVA customers are treated to an accurate portrayal of how Bitcoin works from the perspective of a consumer. Also read: New York Stock Exchange and Former Citigroup CEO Invest in Coinbase; https://www.youtube.com/watch?v=l8S-wkpBDW0
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BBVA, the second-largest bank in Spain, has announced the launch of its bitcoin trading and custody service through its Swiss subsidiary. Beginning with bitcoin, BBVA plans to expand its services for other cryptocurrencies. BBVA Rolls Out Bitcoin Trading and Custody Services BBVA announced on Wednesday that it “has begun to roll out the trials of what will become its first commercial service for the trading and custody of digital assets.” BBVA (Banco Bilbao Vizcaya Argentaria) is Spain’s second-largest bank after Banco Santander. The group was founded in 1857 and has 727....
While there were many big-name participants in Coinbase's most recent $75m funding round, perhaps no name caught more attention than BBVA Ventures, the private equity subsidiary of Spanish multinational bank Banco Bilbao Vizcaya Argentaria (BBVA). BBVA's direct investment in the round is especially notable given the continued difficulties companies in the bitcoin and wider digital currencies space face obtaining even operational bank accounts. However, according to BBVA Ventures executive director Jay Reinemann, his company's decision to invest in Coinbase does not indicate that its parent....
CoinTelegraph spoke with Jose Rodriguez, the VP of payments at Bitso, a Mexican based Bitcoin exchange, payment processor and Ripple Gateway, on the country’s cryptocurrency prospects, and whether BBVA could be the most bitcoin-friendly bank. BBVA’s Innovation Center is not only one of the first to publish a cryptocurrency tutorial on YouTube, but was also part of the investors in the US$75m funding round for Coinbase in addition to hosting an Open Talent challenge where 10 of the 50 finalists are Bitcoin and Blockchain based startups, which included Bitso. Additionally, seven months ago....
BBVA Switzerland will soon begin offering Bitcoin trading to private banking clients while not providing any advisory services on crypto investments. Banco Bilbao Vizcaya Argentaria (BBVA) — Spain’s second-largest bank — is set to offer Bitcoin (BTC) trading and custody services in Switzerland.According to a release issued on Friday, BBVA Switzerland will begin Bitcoin trading for all private banking clients interested in crypto assets from June 21.This initial crypto trading service isonly for Bitcoin but the bank says it has plans to extend its offering to other cryptocurrencies.....
London blockchain startup Everledger is the joint winner of BBVA's European Open Talent competition. The startup, which uses blockchain technology to tackle diamond fraud and theft, will be awarded a €30,000 prize ($33,939) as well as an invitation to develop a project with the multinational bank. Rounding off the competition series, with previous finals taking place in New York and Mexico DF, Everledger competed against fellow bitcoin and blockchain companies Safello and Vaultoro. Everledger's win alongside Origin – a marketplace that connects issues and investors in the corporate bond....