Openbank, the 100 % digital bank of Spanish financial giant Santander, announced on Tuesday its new service for buying, selling, and holding cryptocurrencies.

Customers, particularly those in Germany, will have the opportunity to perform these transactions, in addition to traditional investment portfolio operations, with Bitcoin, Ethereum, Litecoin, Polygon, and Cardano.

“The bank announced that this service will be available in Spain in a few weeks, thus expanding its coverage to one of its main markets. The new service allows users to trade cryptocurrencies directly from the Openbank platform, without the need to transfer funds to external intermediaries, with the regulatory backing of the European Regulation on Markets in Crypto-Assets (MiCA),” they stated.

According to Coty de Monteverde, Head of Crypto at the Santander Group, this initiative aims to meet the demand of the bank’s clients. “In this way, we continue to expand our comprehensive range of products and services through a fast, simple, and technologically advanced platform, backed by one of the world’s leading financial groups.”

Regarding cryptocurrency transactions, Openbank indicated that a 1.49 % commission will be applied for buying and selling, with a minimum of 1 euro per transaction. In the coming months, the bank expects to “expand its cryptocurrency portfolio and add new features, such as conversion between different cryptocurrencies.”

M.Pino

Source: observatorioblockchain

(Reference image source: Traxer on Unsplash)

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La entrada Spanish Openbank to offer cryptocurrency trading apareció primero en Bitfinance.

By 2021, the renowned digital payments company, PayPal, is expected to exceed the expectations of many with the new proposal called Buy, Hold, and Sell Cryptocurrencies, which intends to double the bet maintained by the company towards cryptocurrencies, blockchain and digital currencies.

Leaving behind its limited cryptocurrency trading service, PayPal CEO Dan Schulman assured that the company is prepared to double its commitment to digital currencies. “The volume of cryptocurrencies traded on our platform far exceeded our expectations,” reported Schulman.

Regarding the acceptance of cryptocurrencies, the executive assured that digital assets will be received “as a financing method when users buy in any of our 29 million stores“, so that by the end of the year they can have a “broad roadmap around cryptocurrencies, blockchain and digital currencies.”

For his part, the CEO reported that the company continues to work hard and actively with regulators and central banks in order to guarantee a future without cash.

The initiative is expected to be extended to “Venmo and selected international markets” in 2021. PayPal also reported that platform users will become more active, generally after purchasing cryptocurrencies.

K.Villarroel

Source: Cointelegraph 

La entrada PayPal is ready to double its bet on crypto apareció primero en Bitfinance.