Crypto Finance’s account balance at BBVA is updated for the amount deposited, e.g., in BTC or ETH. Crypto Finance AG is proud to announce the first gas station setup for BBVA Switzerland. This solution allows financial institutions to trade and bear the cost of Blockchain fees for their clients, without having to worry about holding crypto assets on their balance sheet. Regulated institutions can face complex accounting challenges when managing blockchain-based assets. Crypto Finance has developed a solution to overcome the challenges that certain operational setups involving on-chain segregation of client assets can cause. This gas station service has been successfully implemented for BBVA Switzerland, with the aim to improve the offering
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Crypto Finance AG is proud to announce the first gas station setup for BBVA Switzerland. This solution allows financial institutions to trade and bear the cost of Blockchain fees for their clients, without having to worry about holding crypto assets on their balance sheet.
Regulated institutions can face complex accounting challenges when managing blockchain-based assets. Crypto Finance has developed a solution to overcome the challenges that certain operational setups involving on-chain segregation of client assets can cause. This gas station service has been successfully implemented for BBVA Switzerland, with the aim to improve the offering efficiency without the hurdles of managing gas fees for blockchain transactions.
“When we realized how strong blockchain technology was, we decided to analyze where the potential business opportunities were for the BBVA Group and BBVA Switzerland, and, even more crucially, how we can put these opportunities in the hands of our customers. We have the responsibility to create these new paths of investments”
says Alfonso Gómez, CEO of BBVA Switzerland.
The gas station solution allows institutions to not worry about blockchain fees, and transfer full amounts for their clients, bearing themselves the cost of the transactions. This contributes to delivering a great customer experience, while offering crypto asset services.
Jan Brzezek, CEO of Crypto Finance AG, says
“As a regulated provider in the crypto space, we are pleased to offer this new setup to simplify crypto transactions for clients. At Crypto Finance, we are committed to offering the best-in-class service to clients and creating innovative and sustainable solutions that can resolve client issues and facilitate transactions.”