Garanti BBVA Digital Assets Launches Crypto Wallet and Trading Platform

Garanti BBVA Digital Assets, a subsidiary of Garanti BBVA Financial Technologies, has launched a crypto wallet and trading platform enabling its customers to purchase

Turkish banking giant Garanti BBVA has unveiled a crypto wallet and trading platform, enabling its customers to seamlessly purchase, sell, and store Bitcoin, Ethereum, and USD Coin through the bank’s mobile app.

The new “Garanti BBVA Crypto” service was initially launched as a beta test with a limited user base before being rolled out to all customers following successful trials. According to the bank, it plans to further expand its crypto capabilities and enhance the experience for users embracing this new digital asset class.

Highlighting the significance of Garanti BBVA's move, Jeremy Allaire, CEO of crypto financial firm Circle, took to Twitter, stating: “One of Turkey's biggest retail banks just greenlit using USDC and rolled out a built-in crypto wallet. A watershed moment.”

In his tweet, Allaire attached a screenshot of a news article discussing Garanti BBVA's crypto integration, emphasizing the bank's large retail customer base and the potential impact of the move. The tweet also included a link to the news article for further reading.

One of the largest retail banks in Turkey, a subsidiary of BBVA, just launched direct support for using USDC and a native crypto wallet. Follow the money. https://t.co/HcH2SvSwI7

But crypto isn't the only fintech frontier Garanti BBVA is exploring. The bank will also unveil the Bonus Platinum Biometric Card, allowing customers to authorize transactions via fingerprint scan for enhanced security and convenience.

Furthermore, Garanti BBVA is introducing a “Request Payment” feature to facilitate easier digital money transfers, aligning with evolving customer needs and preferences.

News source：https://www.kdj.com/cryptocurrencies-news/articles/garanti-bbva-digital-assets-launches-crypto-wallet-trading-platform.html

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