Banco Galicia, Argentina’s largest private bank, and neobank Brubank have integrated cryptocurrency offerings into their banking apps alongside other investments.
Both the services were launched yesterday, with Galicia offering Bitcoin, Ethereum, Ripple and stablecoin USDC. According to a report from Spanish site CriptoNoticias, the Galicia service is powered by Liechtenstein-based Lirium.
Users can choose to invest very small amounts into crypto but cannot withdraw it from the banking platform. They can only sell it back to the bank. There are also warnings that Argentinian laws do not protect the cryptocurrencies in the wallet.
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