"Santander" the largest bank in Europe steps into digital currencies 🚀
Swiss bank "Santander" has revealed plans to expand its operations to include digital assets, with future plans to issue stablecoins pegged to the US dollar and the euro.
The bank, which is the largest in Europe with a market value of $500 billion, announced that it will soon offer services for purchasing and trading Bitcoin and other digital currencies for its clients.
According to news agencies, the bank's expansion plans may include access to cryptocurrency services through its digital bank, Open Bank, which has recently applied for licenses to provide cryptocurrency services under the new regulatory framework of the European Union.
This move comes in response to the increasing demand for digital assets, as the bank seeks to strengthen its presence in the decentralized finance market, with strict security controls to protect investors, marking a significant shift in traditional banking policies and reflecting a broader adoption of modern financial technologies.
