Banking giant BBVA is launching a digital investment account that includes a cryptocurrency wallet. According to company’s recent statement, the new digital investment account, called as New Gen, will allow users to deposit up to $10,000, Euros or Swiss Francs.
Investors have to fill out an online form and then make a video call for verifying their identification to obtain access. Users will be able to utilize the new BBVA cryptocurrency wallets to store, track, buy, and trade Bitcoin in the BBVA application after this stage.
The major objectives of BBVA Switzerland are to address the needs of a new type of investor who likes to act independently by utilizing technology, or who has a special interest in investing in more innovative, sustainable sectors, or even cryptocurrency assets.
Javior Rubio who is the director of client solutions at BBVA Switzerland made a following statement about the subject:
“The new account offers a multitude of ideas so that every client can invest in what is of interest to them and in line with their principles, without obstacles or barriers, with one of the most competitive rates in Swiss banking and with all the guarantee and security of BBVA”
The addition of digital wallet services is seen as an expansion of BBVA’s Bitcoin custody and trading services, which were launched in June. The Swiss bank is one of the giants to enter this field, following Goldman Sachs, Morgan Stanley, and other large-scale financial institutions that began offering crypto money services this year.