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Enterprise blockchain company Ripple $XRP has announced that it will be providing custodial services for Spanish banking giant Banco Bilbao Vizcaya Argentaria (BBVA). The extension of the partnership between Ripple and BBVA will make it possible for the latter to "confidently" respond to demand for digital assets, the announcement says.

Cassie Craddock, Ripple's managing director, has praised BBVA as one of the most innovative banks in Europe. Monica Long, the company's president, has also stated that she is excited about the new chapter of the long-standing partnership.  Partnership history. BBVA first teamed with Ripple in 2017. The major banking institution, which was originally founded all the way back in 1857, first partnered with Ripple in April 2017. Back then, it utilized the company's technology for completing its very first real-time international money transfer. The transaction in question was conducted between Mexico and Spain.