Bitcoin Gains Ground in Brazil – Banking Giant Santander Launches Crypto Service

bitcoin in banks – South American countries battered by inflation, used by their proximity to the United States and their cherished dollars have seen in cryptocurrencies an escape route. Proof, 51% of them confirm having a crypto account. Santander, the Brazilian banking giant, intends to take advantage of this enthusiasm to develop its services and offer the purchase of Bitcoin and other cryptocurrencies.

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Bitcoin: “a market that is here to stay”

SantanderSpanish banking giant with international influence, deployed in Brazil announces the launch of cryptocurrency trading via its banking services.

The banking giant even confirmed by the voice of Mario LeoCEO of Santander the evidence of the opportunity and potential that Bitcoin and cryptocurrencies could bring:

“We recognize this is a market that’s here to stay, and it’s not necessarily a reaction to competitors stepping in. It is simply a vision that our client has a demand for this type of asset, so we have to find the most correct and educational way to do it. »

This foot in the universe of Bitcoin seems then to be a start, faced with the need to educate its customers, the bank will subsequently develop other cryptographic services. More information will be provided in mid-October when the company reports its balance sheet.

However, Santander is not new to the blockchain business in South America. The multinational has already proposed to Argentine farmers to tokenize their productions in order to help them fight inflation. This idea, implemented in partnership with Agrotoken, a tokenization platform based in Argentina, received great enthusiasm. For its part, despite the fact that it somewhat compensated for the regulation Brazil intends to take good care of Bitcoin by reserving a bill for it.

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