2024

Bit2Me

Unicaja, one of the top five Spanish banking giants, has invested in the crypto exchange Bit2Me through its venture capital arm.
This significant move includes acquiring over 5% ownership in Bit2Me and gaining a seat on its board of directors. The partnership also involves a commercial cooperation agreement, aiming to integrate traditional banking services with the crypto sector.
In addition, a commercial collaboration agreement between the two companies indicates a deeper level of cooperation beyond just the original investment.
This action would allow the bank to “anticipate the future and incorporate solutions that enhance our services and facilitate our adaptation to the changes demanded by customers,” according to CEO Isidro Rubiales, who also emphasized the strategic significance of the move.
The bank wants to investigate prospects related to asset tokenization, wider blockchain applications, the prospective launch of a digital euro, and the EU’s Markets in Crypto Assets (MiCA) laws. With more than a million clients, Bit2Me intends to provide Unicaja’s financial services, bridging the gap between conventional banking and cryptocurrency.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 La noticia de la entrada de <a href="https://twitter.com/UnicajaBanco?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@UnicajaBanco</a> en Bit2Me ha tenido una gran repercusión mediática. Medios como <a href="https://twitter.com/CincoDiascom?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@CincoDiascom</a> , <a href="https://twitter.com/LaVanguardia?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@LaVanguardia</a> , <a href="https://twitter.com/expansioncom?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@expansioncom</a> , <a href="https://twitter.com/europapress?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@europapress</a> o <a href="https://twitter.com/elconfidencial?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@elconfidencial</a> se han hecho eco de la misma, valorando como punto clave que Unicaja se podrá beneficiar de…— Bit2Me (@bit2me) <a href="https://twitter.com/bit2me/status/1815307471432421658?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">July 22, 2024</a>
 </blockquote>
 </div>
</figure>
Spain’s High Court has temporarily stopped Telegram’s operations in the nation in response to concerns over unsanctioned material uploads.
In addition, the Spanish Agency for Data Protection (AEPD) has stopped Worldcoin’s activities in Spain. Tools for Humanity Corporation, which manages Worldcoin, has <a href="https://www.cryptotimes.io/2024/06/05/aepd-orders-to-halt-worldcoin-data-collection-in-spain/" target="_blank" rel="noopener noreferrer nofollow">agreed to stop</a> collecting and processing data until the end of 2024 due to ongoing investigations into its data handling procedures.
The difficulties and modifications needed to incorporate digital assets and platforms into the mainstream financial system are brought to light by these regulatory initiatives.&nbsp;
Despite these challenges, Unicaja’s investment in Bit2Me signals a significant shift in the way the banking sector uses blockchain technology and implies that cryptocurrencies are gaining traction and being incorporated into traditional financial institutions.
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">
 Also Read: <a href="https://www.cryptotimes.io/2024/05/03/bitnovo-partners-with-wipay-to-bring-crypto-payment-to-spain/" target="_blank" rel="noopener noreferrer nofollow">Bitnovo partners with Wipay to bring crypto payment to Spain</a>
</blockquote>

Unicaja Ventures into Crypto with Bit2Me Investment

The Crypto Times

Other articles published on Jul 22, 2024

Is Increased User Participation Key To Render Price Recovery?

Investors Witness XRP Coin Lawsuit Developments

Bitcoin ETFs saw a record $18 billion inflow between July 15-19, 2024

Could Ethereum Reach New ATH? Analyst Highlights ETF Speculation as Key Driver For ETH and Altcoi...

Celebrating ‘Plastic Free July’ with Tezos NFTs and art | Opinion

SSV Network DAO Launches 2 New Programs to Drive Community Engagement

Join our free newsletter for daily crypto updates!