Main French banking group BPCE is about to begin providing crypto buying and selling companies to retail prospects via its Banque Populaire and Caisse d’Épargne apps beginning Monday.
Clients of 4 regional banks, together with Banque Populaire Île-de-France and Caisse d’Épargne Provence-Alpes-Côte d’Azur, will be capable to purchase and promote bitcoin , ether , solana , and USDC straight via their banking apps, The Huge Whale reviews.
The rollout will attain round 2 million prospects within the pilot section, with BPCE planning to develop entry to its full 12-million-strong retail base via 2026.
The service operates via a separate digital asset account managed by Hexarq, BPCE’s crypto-focused subsidiary. Every account comes with a 2.99 euro ($3.48) month-to-month payment and a 1.5% transaction fee, with a minimal cost of 1 euro per commerce.
A BPCE consultant stated the phased launch is designed to observe adoption and system efficiency earlier than scaling.
Different European banks have already made comparable strikes. BBVA permits crypto buying and selling straight in its Spanish banking app, whereas Santander’s Openbank gives entry to 5 crypto belongings with built-in custody. On high of tthat, a Vienna-based unit of Raiffeisen Financial institution partnered with Bitpanda to supply crypto to its prospects.
