Ripple expands banking partnerships with Europe through a new BBVA agreement with Spain.
The BBVA deal will include the Digital Ripple’s digital technology in the recently launched retail service for trading and handling Bitcoin and Ether.
Moving will come as European banks fit the market to crypto assets (Mica) Regulation, which sets a framework for offering digital assets throughout the EU.
“Now that MICA has been established, regional banks have been strengthened to launch the digital asset offerings that their customers are asking for,” said Cassie Craddock, Ripple managing director for Europe.
Ripple Custody was born outside the blockchain firm Getting Swiss Crypto Custody Specialist Metacothat signed up a bbva.
Francisco Maroto, head of BBVA’s digital assets, said the integration allowed the bank to “directly provide an end-to-end conservation service” with security customers expected from a major financial institution.
The collaboration expands Ripple’s previous work with the BBVA, which is already using Switzerland and Turkey’s careful technology. For Ripple, Spain represents another foothold in Europe’s regulated digital asset market. Ripple holds more than 60 regulatory licenses worldwide.
The deal indicates a gradual transition to how traditional banks approach. Instead of relying on third-party providers, institutions such as the BBVA are choosing to build home services using established infrastructure providers.
