One of Turkey’s largest banks, Garanti BBVA, has launched its cryptocurrency wallet and transfer application, Garanti BBVA Kripto. Initially focusing on the secure storage of Bitcoin (BTC), Ethereum (ETH), and USD Coin (USDC), the application is currently only available for download on the iOS platform. It is expected that the application will soon be available for the Android platform as well.
As known, Garanti BBVA had opened its cryptocurrency wallet and transfer service, Garanti BBVA Kripto, to pilot use in August of this year. Initiated with an internal email, this service was first offered to bank employees. According to Webrazzi’s report, after a 5-month period, the Garanti BBVA Kripto application has been officially made available to everyone on the iOS platform.
At the moment, the application only offers secure storage for the largest cryptocurrency, BTC, the largest altcoin, ETH, and the second-largest stablecoin, USDC. It is expected that the supported cryptocurrencies will be expanded over time.
Garanti BBVA Kripto primarily stands out as a cryptocurrency wallet and transfer service, focusing on keeping cryptocurrencies safe with the cold wallet method. Looking at the details provided, the application appears to be specifically designed to protect cryptocurrencies from digital attacks, data breaches, and cyber risks.
Currently offered only for the iOS platform, the Garanti BBVA Kripto application is expected to be made available for the Android platform very soon.
To use the Garanti BBVA Kripto application, it is necessary to first create an account. Then, identity verification with the new identity card uploaded to the system and transferring 1 Turkish Lira to the account is required to activate the account.
Moreover, account activation procedures are not limited to Garanti BBVA; account activations can be carried out 24/7 through other banks such as Ziraat Bankası, Vakıfbank, Halkbank, Akbank, İş Bankası, QNB Finansbank, Yapı Kredi Bankası, and others.
