You Won’t Believe Which Spanish Bank Is Getting Cozy With Bitcoin and Ethereum 😲💶

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It was in those curious days of financial enlightenment that the ancient and venerable house of Banco Bilbao Vizcaya Argentaria, known in public squares as BBVA, chose not to be left behind while the peasants mined their coins in digital fields. For the sake of progress – and, let us be honest, for fear of appearing irrelevant at bankers’ dinners – they unveiled services for the stewardship and exchange of that most volatile of currencies, Bitcoin
bitcoin
(BTC, valued astonishingly at $108,625, as if counting sheep in an endless pasture),

24h volatility: 0.5%
Market cap: $2.16 T
24h Volume: $21.22 B

and her occasionally tempestuous sister, Ethereum
ethereum
(ETH, possibly the more literary of the two, standing at $2,563 – or thereabouts, given the tendency of numbers to wander).

24h volatility: 1.9%
Market cap: $309.42 B
24h Volume: $13.78 B

This latest development, which may be received either as a milestone or a midlife crisis, bestows upon the ordinary folk – armed only with a mobile device and a dream – the ability to traverse the treacherous lands of digital assets via the bank’s mobile app. Whether this is progress or penance for the sins of traditional banking, who can say?

BBVA Flings Open the Crypto Gates

In the chill of March 2025, the house of BBVA sought permission from Spain’s National Securities Market Commission (CNMV) – bureaucrats renowned for their wisdom and their endless paperwork. Having performed the sacred rites (in triplicate), the bank was blessed with approval. Now, everyone of sound mind (or at least legal age) may buy, sell, and guard their ethereal riches as one might safeguard turnips in a cellar.

Through the BBVA app, customers may now wallow in the gentle embrace of crypto-assets, insulated from the advice of bankers and mothers-in-law alike.

BBVA, the penultimate colossus of Spanish banking, declared that Bitcoin and Ethereum could now be bought, sold, and hoarded by the populace directly from their phones, without the need for an intermediary, oracle, or wise village elder. The service is self-made. There is…

— Wu Blockchain (@WuBlockchain) July 7, 2025

By shepherding this service into its app and no longer relying on the mysterious and dangerous third parties (who are often said to lurk in the alleyways of the internet), BBVA encourages customers to embrace the terrifying autonomy of independent financial decisions. No advice will be offered; after all, adventure is sweeter with a little risk.

Gonzalo Rodríguez, who bears the title Head of Retail Banking for Spain (arguably a role beset by many coffee breaks), offered the immortal words: “Our aim is to make this as easy as ordering tapas, except without the calories or regret.” Apparently, the service is so easy to access, even grandmothers who still fear electricity might be tempted.

“With this move, Spain joins our kingdom of digital assets, which began with Switzerland (2021) and Turkey (2023).” He resisted, one presumes, the urge to add “and world domination soon.”

In what would surely be a footnote if not for its length, Maroto explained that BBVA’s digital adventure now encompasses not only crypto and stablecoins, but also those more respectable tokenized bonds and funds — perhaps so grandma can buy a promissory note as easily as a meme coin.

Not so long ago, BBVA invited institutional traders in Switzerland to enjoy Circle’s USDC stablecoin, because nothing says 21st-century banking quite like trading a coin named after geometry, in a country famous for its squares.

And thus, in the grand tradition of human folly and innovation, the saga continues. Invest, withdraw, or lose sleep over your phone – BBVA will be happy either way. 💰📱

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2025-07-07 19:56