BBVA Switzerland introduces a digital account of the new generation with integrated crypto wallet-finance Bitcoin News
BBVA Switzerland introduces a digital account of the new generation with integrated crypto wallet-finance Bitcoin News
BBVA Switzerland customers can buy, save and act crypto-assets with a digital account, which is delivered with a cryptocurrency wallet. The new bank product will be available throughout the European Union and in a number of markets in South America.
BBVA Switzerland account facilitates investments in cryptocurrencies
The Swiss subsidiary of the Spanish banking giant Banco Bilbao Vizcaya Argentaria (BBVA) has announced the introduction of a "100% digital investment account". With the offer, the bank tries to meet the needs of a new kind of technically experienced customers who want to invest "more innovative, sustainable sectors and even in crypto-assets".
The 'New Gen' account, bbva switzerland , offers access to a catalog of companies and funds. They are divided into 11 topics, including climate change and disruptive technologies such as robotics, 3D printing and autonomous vehicles. "The catalog should also imitate the portfolios of large investors such as Cathie Wood or Warren Buffet," the bank noted and added:
The customer can invest in traditional assets such as stocks or investment funds and also has a “wallet” for cryptocurrencies.
A European customer who wants to use the digital investment account must be based in an EU member state. The product is also offered in Mexico, Colombia, Argentina, Peru and Chile. Javier Rubio, Director of Client Solutions at BBVA Switzerland, said:
With new gen, we want to reach a new type of investor that is attracted by new sectors who have great potential to change the future.
Rubio emphasized that the new account offers a wide range of investment ideas that enable every customer to invest their money in what interests him. He insisted that the offer eliminates obstacles and barriers and at the same time offers "one of the most competitive tariffs in Swiss banking" together with the guarantee and security of the BBVA.
To start trading, a customer must first have a dedicated one. Register form and then carry out a video identification call. BBVA Switzerland claims that the entire verification procedure takes less than 15 minutes. The minimum deposit for the opening of the account is $ 10,000 or a corresponding amount in euros or Swiss francs.
The BBVA Switzerland, which specializes in private banking, emphasized that the new gene account offers access to a complete range of online banking services and iban numbers in dollars, euros or Swiss francs. The crypto wallet is fully integrated into the mobile app of the bank, which enables users to pursue their Bitcoin stocks and other assets.
The range of crypto -related offers from Swiss banks is constantly being expanded. In May of this year the state bank Postfinance started an investment and payment app Online trading platform Swissquote 13 cryptocurrencies supported. In February, the 177-year-old Swiss bank Bordier offered its customers through a partnership with a sygnum, One of the licensed crypt banks in Switzerland, confronted with Bitcoin and crypto trade services.
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