- A year ago, the bank blocked the purchase of cryptocurrencies
- Now he admires Bitcoin technology and Lightning payments
Banco Santander, Spain’s leading commercial bank, unexpectedly changed its position on BTC. A year ago, the company restricted payments in cryptocurrencies. Now they have not only removed the restrictions, but also launched an educational course. It’s called Digital Assets 101.
“Want to learn about the pioneering phenomenon of Bitcoin? We delve deeper into this world in our Digital Asset 101 series.. Uncovering the foundations, benefits and implications of this transformative technology.”
The first lesson about bitcoin was released on June 9th. After that, the bank released another lecture on the pros and cons of the Lightning Network protocol. There, the bank highlighted the Lightning Network’s ability to facilitate the processing of large volumes of instant micropayments.
Some believe that the bank hints with its video that it will soon implement the Lightning protocol in its payments.
Santander’s change in approach is in line with the trend among other major financial institutions. As we remember, over the past 10 days, 5 Wall Street giants have announced at once that they plan to open a Bitcoin ETF. These are BlackRock, the world’s largest asset management giant, as well as Valkyrie, Invesco, WisdomTree and Bitwise. The Spot Bitcoin ETF gives customers indirect access to crypto assets by buying shares in the fund instead of BTC itself.