After their approval, the intention to regulate digital currency has been one of the main participants. However, none other than traditional banking and the various financial entities control monetary operations in the world’s countries.
In this opportunity, it is Spanish banking and, to a certain extent, European that are in constant conflict with the impact that cryptocurrencies are causing in the financial sector; various requests suggest the management of digital assets as an investment option in these formal figures of the economy.
Customer requests are pressing regarding purchasing and selling digital assets through their platforms. However, this is usually a relatively delicate and complex issue to assume financial operations through private banking.
Many of the positions of these economic actors are usually based on the fact that they do not want to get involved as advisors in a market that, to date, is not regulated since it is pretty volatile and risky.
Banks that work with Bitcoin
When investors and other interested parties touch on cryptocurrencies, they know that it is not legal tender but somewhat digital assets whose valuation is purely speculative and whose purpose is to generate profits in money, something that many do not like.
This option has marked a before and after in the world economy; consequently, people assume that finances have a new vertex that could be much more accessible to anyone.
We are facing a scenario where the balkanization of society can be compared to the access of cryptocurrencies through the different exchange platforms.
At the moment, European banking entities are closely carrying out an analysis of the crypto market. However, it is not found in some as an immediate option to offer their clients investment options in cryptocurrencies; it is not closed to the possibility in the future depending on the regularization of the same.
Among the banking and financial entities that have decided to form part of this blockchain and cryptocurrency environment as an indispensable means for international payment systems in the future are BBVA, CaixaBank, Banco Sabadell, and Unicaja Banco, which have a defined position regarding the digital money and its future perspective.
Transaction speed
For several years, international money transfer operations have required a reasonably considerable time limit; some banks or payment platforms usually take between 3 to 5 days to dispose of money that has been transferred during bank business days.
This situation affects many people since they cannot have their money in case of an emergency, there, it is usually a little more complicated, and there is nothing left to do but wait for the transaction to become effective.
The decentralization of cryptocurrencies perhaps encompasses many benefits concerning this aspect; it is where Bitcoin leads cryptographic operations and gives a new vision to international operations.
Through Bitcoin, not only investment operations can be carried out, but also purchases or electronic operations where the transfer of balance from anywhere in the world in record time is usually the means of payment and, without a doubt, the most important, making this process easy and comfortable.
Unlike traditional banking entities, a Bitcoin transfer operation could take 10 minutes; since only the parties involved are the ones in charge of giving the confirmation, there are no third parties that delay the process.
Bitcoin financial decentralization
Decentralized finance constitutes a new concept for crypto users. Through smart contracts and blockchain, the creation of business projects could work even without the intervention of lawyers for the result companies.
Financial decentralization is based on the fact that only the interested parties can modify and intervene in the executed processes.
The automation of processes is a concept that has been generated for years and has recently caught the attention of many people in business and entrepreneurs since it allows activities to be controlled from anywhere and to monitor the development of finances. The security of this type of project is based on the blockchain, where daily transactions are recorded safely and with easy access.
Conclusion
For many, the cryptocurrency ecosystem is an exciting digital market, only that it infers volatility and risks; everything depends on the perspective in which it is observed; in addition, the regulation would not be very far away and hence its massive adoption by financial institutions. Many more options in Bitcoin-Prime trading system
