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Spain’s second largest bank starts storing bitcoins for clients

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Spain's second largest bank starts storing bitcoins for clients

BUT Swiss branch from a spanish bank Bilbao Vizcaya Argentaria (BBVA) will start providing storage and trade Bitcoin for your private clients from Monday, June 21st.

Initially, the proposal will only apply to bitcoins, but other cryptocurrencies are planned to be added in the future. At the same time, the bank warned that its new service will not advise on investments in cryptocurrencies.

When Bitcoin becomes part of the bank’s investment, BBVA private clients will be able to see the performance of their digital currency positions alongside traditional financial assets. This will be possible by integrating a dedicated service into the banking application.

Storage and conversion of bitcoins in Spain’s second largest bank

According to BBVA, the bank’s clients will have no problems preparing fiscal reports. In addition, they will be able to automatically convert bitcoins to fiat currencies and vice versa to avoid losses due to exchange rate volatility.

BBVA Switzerland CEO Alfonso Gomez, said that the bank launched the service after testing, which lasted about six months.

During the tests, the bank’s specialists were able to better understand the risks associated with cryptocurrencies.

According to Gomes, the service will determine how much bitcoin will interest the bank’s clients as a tool for diversifying the investment portfolio, despite the high level of risk and volatility of cryptocurrencies.

The financial institution decided to launch the new service after realizing the desire of many investors to diversify their portfolios with digital assets, despite the potential risks and market volatility.

According to BBVA, access to the new services will be open to all customers without exception.

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The determining factor in which the bank decided to provide these services was the country’s benevolent attitude towards the cryptocurrency industry. In May, the Swiss bank UBS also announced its readiness to offer its clients the opportunity to invest in cryptocurrencies.

This week, another local bank, Sygnum, announced the upcoming launch of DeFi token trading and custody services for institutional investors.

As for the launch of similar services in other countries, BBVA said that everything will depend on maturity, level of demand and market regulation.

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Economy

Looking for a job. Five tips for a successful search

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Looking for a job.  Five tips for a successful search

PFinding a job can be a difficult and challenging process, but it’s important not to despair and stay active in your search. recruiting company Michael Page presents five tips that can be especially helpful for those just entering the labor market.

Volume note:

1. Know your strengths and areas for improvement

“Assess your previous experience (e.g. academic projects, volunteering, summer work, etc.). What skills have you acquired? What are your strengths and what do you need to improve? By asking yourself questions, you can determine what type of work is best for you. suits your skills, abilities and personality.”

2. Organization

“A successful job search requires organization. Plan your day by setting clear goals that will reflect various accomplishments in your job search (eg search, respond to opportunities, follow up on applications). Write down and organize all your statements (by job description, email attachments, or contacts made through social media). Also set deadlines to ensure the best possible follow-up. Don’t forget, a well-organized day can help keep you motivated.”

3. Ask for help

“We all need help at some point, so it’s important to use your connections when you’re looking for a job. Consider asking your former mentors for referrals or tapping into the networks of your parents, friends, or colleagues. You can also make requests. contacts in professional social networks aimed at recruiters or strategic people of the company in which he would like to work.

4. Invest in your online presence

“Social networks, job sites, forums: there are many online tools that make it easier to find a job. To increase the likelihood of being identified by recruiters, work on your resume so it’s optimized for the algorithms used by job sites and social media.

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Companies have been known to reject candidates because of their social media. Nowadays, managing your online presence is critical! Make sure your privacy settings are correct and that nothing you post online (such as your Facebook profile, public photos, etc.) can prevent a potential manager from considering you.”

5. Be motivated

“Motivation is the secret to success! Easier said than done, but try to keep a positive attitude throughout the job search process. Treat every rejection as an opportunity to improve and keep moving forward. On the day of the interview, highlight their personality and behavior. skills.”

Read also: Work? These are the most sought after areas in Portugal.

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Economy

ITA Airways may be partly in the hands of the Italian state railway

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ITA Airways may be partly in the hands of the Italian state railway


The Italian government is exploring new possibilities for the sale of ITA Airways, which could involve Lufthansa and the national rail company, Ferrovie dello Stato (FS). This is reported by the Italian newspaper Corriere della Sera. Earlier this month, the government announced it would resume talks with Lufthansa after inconclusive talks with a consortium formed by Air France-KLM, Delta Air Lines and Certares.

Lufthansa said last week through a spokesperson that it remains interested in the acquisition. The original partner of the German group, the sea carrier MSC, refused to negotiate.

With FS, the Italian government, along with Lufthansa, has a new takeover candidate for the airline. Reuters news agency reports that government documents show the government wants to sell 51 percent of ITA to Lufthansa for 250 million euros, with 29 percent to go to Ferrovie dello Stato, with the rest remaining in state hands.

With the partial acquisition, ITA FS will be able to use a combination of air and rail transport. Moreover, it already offers high-speed lines connecting the main cities of Italy, the Italian newspaper writes. Cooperation can facilitate the transition to both modes of transport.

Having FS as an airline partner was nothing new, as the state-owned railway was also a shareholder in the bankrupt Alitalia. The difference here is that if there is Lufthansa in the package (if these plans are confirmed), it is the Germans who should have control and will dictate the step of the company, which is unprofitable today.


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Economy

Tesla announces another recall of 80,000 vehicles, and some even have to be recalled

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Imagem Tesla recall

Tesla cars suffered this year a large number of requests for “collection”better known as the process revoke🇧🇷 Trouble again and 80,000 vehicles in China will be recalled. If many of recalls was an easy decision as it was over the air (OTA) it really obliges the owners to take the car to the workshop.

In fact, this year, many millions of Tesla electric vehicles received revoke for fixes.

Many of the reviews are related to issues resolved via OTA.

Whenever there is a safety issue, the NHTSA must issue a "safety recall", even if the car manufacturer does not have to physically recall any vehicles, leading to some confusion.

Once again last month, Tesla's "1 Million Vehicles" collection of vehicles generated a lot of news as the impact on drivers was almost negligible considering the update only changed via OTA the software that runs the car system. to work with windows.

These cases have prompted Tesla CEO Elon Musk to complain about the term "recall = collection" and how it is being used in the media against Tesla. Today The American company again announced new collections in China about 80,000 cars.

13,000 Tesla electric vehicles have seat belt problems

The recall includes 67,698 imported Model S and Model X vehicles with a battery-related software issue, according to Chinese authorities. Again, the fix is ​​a simple software update. Nonetheless, this time there is also a physical collection due to the problem with the seat belt in approximately 13,000 Model 3 vehicles: 2,736 imported and 10,127 made in China.

over 20 recalls there were many collections in 2022. However, Tesla is not the only automaker to be hit by major recalls this year. OUR Ford also just confirmed that it is recalling another half a million vehicles. due to fire hazards, and many car manufacturers have also recalled millions of vehicles this year.

In any case, the fact that the vast majority of calls from electric brand a quick fix with over-the-air (OTA) software updates — rather than taking cars back to the dealership like other car manufacturers — shows that Tesla's level of connectivity to its cars is a huge advantage in the industry.

The software update system (OTA) allows the buyer to fix many problems easily and conveniently, and for Tesla itself means big money savings.

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