Santander to Offer Cryptocurrency Services in Brazil in the Coming Months
Santander, one of the biggest banking institutions in the world, has announced it will start offering cryptocurrency services in Brazil. Its CEO, Mario Leão, made the announcement in an interview with local media, stating that the company was still seeking the best way of getting into the cryptocurrency services market. Other banks and fintech organizations are already offering crypto services in the country. Santander to Start Offering Crypto Services in Brazil Santander, one of the biggest financial institutions in the world, serving more than 153 million customers, has....
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The bank’s CEO said the firm would release more details for its Bitcoin and cryptocurrency services by or before the release of its quarterly results.
Santander, a leading financial institution in Spain, is preparing to offer a Bitcoin ETF to its customers in the country. This, while Spanish asset managers have been largely reluctant to embrace crypto products as part of their investment portfolio offerings to customers.
Santander Bitcoin ETF in Preparation
Santander will be giving the finishing touches to a Bitcoin ETF product in Spain, according to reports from local sources. This reportedly positions the company to be the only financial institution interested in offering this type of product to its customers in Spain.....
On Nov. 3, Santander UK, the subsidiary of the Spanish financial giant Banco Santander, S.A., published a notice that says “investing in cryptocurrency assets can be high risk.” Furthermore, the British bank also imposed a limit on cryptocurrency exchanges using the firm’s mobile and online banking services. Santander UK Limits Crypto Exchange Transfers to ‘Protect’ Customers Santander UK has published a new update concerning cryptocurrencies and it warns that investing in such financial vehicles can be “high risk.” The bank notes that the....
Picpay, one of the most popular payments fintech companies in Brazil, has announced that it will start including cryptocurrency services in its app. The company explained that these services will include the possibility of purchasing crypto and processing payments with crypto directly. Picpay follows the actions of companies like Nubank and Mercado Libre, which have also started offering crypto services recently.
Picpay to Allow Customers to Use Crypto From App
More fintech-based companies are now approaching crypto as a way of extending their service offering for their....
A recent report by Banco Santander discusses the potential impact of Bitcoin adoption on Brazilian banking and financial sector. The number of reports discussing Bitcoin’s impact on mainstream banking and financial sector is overwhelming. Adding to the list is yet another report focused on Brazil, published by Banco Santander. The report titled “Brazil: Banks and Financial Services – To Bitcoin or Not to Bitcoin?” is a result of last month’s meeting with Banco Santander, Mercado Bitcoin — the leading Latin American Bitcoin exchange and local investors. The meeting revolved around the....