Binance and BBVA: A Match Made in Crypto Heaven 🤑
The primary aim of this collaboration, as far as one can tell, is to reduce what they call “counterparty risk.” For those not in the know, this is the sort of risk that keeps you awake at night, wondering if your money will still be there when you wake up. Ever since the great FTX fiasco of 2022, where billions were lost and many a man’s hair turned prematurely white, investors have been clamoring for more secure options. Enter BBVA, with its strong “name recognition,” which, in layman’s terms, means that people trust it because they’ve seen its name on a lot of buildings and advertisements.