BBVA Chooses Ripple's Metaco Harmonize for Cryptocurrency Storage.🏦💲💳
BBVA Switzerland, a major Spanish bank, has moved its cryptocurrency storage services to Ripple's platform, Metaco Harmonize.
The bank was the first among Eurozone's major banks to offer clients access to Bitcoin in June 2021, later expanding support to Ethereum.
By shifting to Harmonize, BBVA aims to connect to various blockchains beyond the two largest cryptocurrencies, opening doors for new services like altcoin trading and asset tokenization.
Ripple Labs acquired Metaco for $250 million in May, with Metaco's custodial platform, Harmonize, being popular among institutional investors.
The move allows BBVA to integrate with Avaloq Crypto Assets and ensures compliance with security and privacy regulations.
Ripple's acquisition of Harmonize prompted Citigroup to seek an alternative crypto custodian.
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Ripple joined the development of a digital dollar.
SEC dropped charges against Brad Garlinghouse and Chris Larsen, former accusations that led to a surge in XRP price.
Roblox integrated XRP payments, countering earlier false claims.
Charles Hoskinson and Ripple's CTO debated SEC corruption allegations.
A legal expert predicted timelines for the resolution of the SEC and Ripple lawsuit.
