Openbank Expands Crypto Services With Cardano ADA for Millions of European Users.
The integration eliminates the need for Santander’s 2 million customers to transfer funds to external platforms while providing institutional backing and the security protections mandated by the European Markets in Crypto-Assets Regulation (MiCA).
In a September 16 official blog post, Openbank, part of Grupo Santander, announced that its customers in Germany will gain access to buy, sell, and hold Bitcoin, Ether, Litecoin, Polygon, and Cardano alongside their traditional investments.
The bank also disclosed that the selected cryptocurrencies, including Cardano’s ADA, will be made available to customers in Spain over the coming weeks.
Do you know what staking is ? Staking on the blockchain refers to the process where participants lock up a certain amount of cryptocurrency to support the operations and security of a blockchain network. In return, they earn rewards, typically in the form of additional cryptocurrency. Staking is often associated with proof-of-stake (PoS) or similar consensus mechanisms used by many blockchains.
