Santander’s Openbank Applies to Offer Crypto Services
Banco Santander SA is reportedly considering offering a stablecoin and providing its digital bank’s retail clients with access to cryptocurrencies.
The Spanish bank’s online banking unit, Openbank, has applied for licenses to offer these services under the European Union’s Markets in Crypto-Assets (MiCA) regulation, Bloomberg reported Thursday (May 29), citing unnamed sources.
Santander did not immediately reply to PYMNTS’ request for comment.
According to the Bloomberg report, the bank is considering euro- and dollar-denominated stablecoins, either creating its own stablecoin or offering access to an existing one.
Openbank, which operates in several European countries, could launch crypto services as soon as this…
