Spanish Crypto Exchange Bit2Me Brings Crypto to Traditional Banks – Bullish News for Uniglo.io

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Amid turbulent markets this week, the good news is coming from Spain this time, where crypto exchange Bit2Me announced the launch of its API (Application Programming Communicate). The service is specifically rendered for traditional financial institutions, fintech companies, and governmental institutions to connect to the world of cryptocurrencies.

The API is used as an intermediary to connect two platforms or applications and opens a communication channel between them. For instance, a traditional bank could render cryptocurrency trading, custodial services, and staking solutions to its customers using the Bit2Me API.

Noteworthy is that Spain’s Central Bank already regulates Bit2Me. Subsequently, the company could transform a traditional financial institute into a modern, crypto-friendly institute ‘overnight.’

Spain’s banks are still cautious about everything crypto-related; hence, only time will tell if this service finds the expected acceptance among conservative financial institutions.

Bit2Me coin B2M, which major telecommunications companies in Spain are backing, reacts modestly to the news.

Positive implications

The chance that Spanish banks will start to render cryptocurrency services to their customers via the Bit2Me API is high, given the increasing popularity of digital assets. Once adopted, cryptocurrencies like Uniglo.io will be at the forefront to reap the benefits, with a much broader reach to investors.

Uniglo.io has a specific appeal to conservative investors that would likely purchase cryptocurrencies via their house bank, as it is backed by stable assets such as Tether (USDT), Paxos Gold (PAXG), or even digital art and NFTs (short for Non-Fungible Tokens).

The comprehensive development roadmap also features one of GLO’s highlight utilities, the Ultra Burn. It transforms the DAO into a deflationary protocol, which appreciates over time as it gets scarcer and scarcer. Moreover, the burn, combined with the asset-backing, functions as a shield to easily weather volatile market situations.

Interested parties are advised to check out the Uniglo.io website as quickly as possible, as the currently ongoing presale is coming to an end shortly.

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Final thoughts

While governmental institutions are running wild now, trying to regulate cryptocurrencies left and right, the good news from Spain sparks hopes for the digital asset class and investors alike. Uniglo.io is ready for mass adoption and will be at the forefront of collaborations and partnerships with cryptocurrency services, such as the API of Bit2Me.


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