Sunday March 07, 2021
Bitcoin (BTC) $49,914.00   Ether (ETH) $1,669.00
  • Events
  • News
    • Blockchain Technology
    • Capital Raising
    • Crypto Exchanges
    • Crypto Payments
    • Gaming & Betting
    • Networks & Protocols
    • Security
    • Vendor Technology
    • Wallets
NEWSLETTER SIGNUP
EXCHANGE 300+ COINS
CryptoNinjas
  • Crypto & Blockchain Links
  • Real-Time Market Data
  • Bitcoin ATM Map
  • Token Offerings/Listings
No Result
View All Result
CryptoNinjas
No Result
View All Result
Home Capital Raising

Bitwala gets €4 million boost to launch its new blockchain banking service

Published by CryptoNinjas.net
09/25/2018
Bitwala gets €4 million boost to launch its new blockchain banking service

Bitwala, a blockchain banking service based in Germany, announced today closing a funding round of more than €4 million led by Earlybird Venture Capital to finally launch its German regulated blockchain bank service. The open date is planned for November, 2018.

In addition to Earlybird Venture Capital, Bitwala welcomed Coparion GmbH & Co. KG to its family of investors. The new investment will be used for product development and growth.

For over a year, together with their banking partner, Bitwala has planned this expansion of service.

Until late 2017, Bitwala operated as a hub for worldwide money transfers using blockchain as a vehicle. Previously, the company processed almost 100 million euros in transaction volume for their 80,000 customers, but the service had to be suspended due to sudden license removal of their card issuing partner in late 2017.

More than 30,000 people already signed up to be among the first to be onboarded. The account will combine all the features and convenience needed for everyday banking in both the traditional and in the crypto world.

Users will benefit from a German bank account, provided with Bitwala’s banking partner, which offers SEPA debit and credit transactions, easy management of recurring payments and a debit card. For instance, customers will be able to use their Bitwala account to receive salary payments and pay their rent. Furthermore, a cryptocurrency wallet with exchange function is integrated into the account.

“The cryptocurrency community is eagerly awaiting the launch of our new service. I’m very proud that with our new product we will close the gap between crypto and traditional banking and solve one of the biggest hurdles on the road to mainstream adoption.”

Jörg von Minckwitz, President of Bitwala GmbH

Christian Nagel, partner at Earlybird, comments: “The background and experience of the team convinced us that Bitwala will allow everyone to engage with cryptocurrencies – seamlessly and in unprecedented simplicity, with all the comfort and security of their bank account.”

With the new product offering, deposits in current accounts will be protected up to 100,000 euros under the German deposit protection scheme and supervised by Germany’s banking supervisors BaFin and Bundesbank.

FacebookTwitterLinkedinRedditE-MailTelegram

Related News

EU crypto bank app Bitwala adds full support for Ether (ETH)
Wallets

EU crypto bank app Bitwala adds full support for Ether (ETH)

01/07/2020
EU bitcoin bank app Bitwala integrates CryptoTax software
Featured

EU bitcoin bank app Bitwala integrates CryptoTax software

10/22/2019
German bitcoin bank wallet Bitwala launches mobile app
Wallets

German bitcoin bank wallet Bitwala launches mobile app

08/29/2019
Europe bitcoin bank service Bitwala raises €13 million to accelerate growth
Capital Raising

Europe bitcoin bank service Bitwala raises €13 million to accelerate growth

07/31/2019
Bitcoin trading at Bitwala reaches EUR 1 mln weeks after launch
Executives and Advisers

Philipp Beer joins blockchain banking company Bitwala as Chief of Growth

05/21/2019
Load More
Leave Comment

Where to Exchange

Bit2MeLeading Spanish Bitcoin ExchangeVisit
BL3P
European Bitcoin ExchangeVisit
ChangellyExchange & Buy 150+ CryptocurrenciesVisit
itBitAmerica's First Regulated Bitcoin ExchangeVisit
  • Trending
  • Latest
Enjin launching two scaling solutions to remove gas and support NFTs from any blockchain

Enjin launching two scaling solutions to remove gas and support NFTs from any blockchain

03/04/2021
Creators of crypto wallet Exodus files with SEC to allow purchase of its stock with bitcoin

Creators of crypto wallet Exodus file with SEC for $75M public offering

03/03/2021
SIMBA Chain expands to Avalanche blockchain enabling low-code smart contract deployment

SIMBA Chain expands to Avalanche blockchain enabling low-code smart contract deployment

03/02/2021
Canadian bitcoin exchange CoinSmart raises $3.5M to expand into Europe

Canadian bitcoin exchange CoinSmart raises $3.5M to expand into Europe

03/01/2021
DeFi yield optimization protocol ETHA Lend closes $1.6M funding round

DeFi yield optimization protocol ETHA Lend closes $1.6M funding round

03/04/2021
Bitcoin DeFi platform Sovryn reveals $1.25M bug bounty; raises $10M in token presale

Bitcoin DeFi platform Sovryn reveals $1.25M bug bounty; raises $10M in token presale

03/05/2021
P2P crypto escrow platform Escaroo adds staking function from Moonstake

P2P crypto escrow platform Escaroo adds staking function from Moonstake

03/05/2021
SecondState launches Ethereum compatible ParaTime on the Oasis blockchain

SecondState launches Ethereum compatible ParaTime on the Oasis blockchain

03/05/2021
NFT platform Curio closes seed funding of $1.2M to fuel expansion

NFT platform Curio closes seed funding of $1.2M to fuel expansion

03/05/2021
IOTA token added as collateral asset on Bitfinex Borrow

IOTA token added as collateral asset on Bitfinex Borrow

03/05/2021
  • Home
  • Directory
  • Data
  • About
  • Contact
SUBSCRIBE

© 2016 - 2021 CryptoNinjas Disclosures | Privacy Policy

  • Home
  • Crypto Links
  • Market Data
  • Blockchain Tech
  • Exchanges
  • Capital Raising
  • Vendor Technology
  • Token Offerings/Listings
  • Payments
  • Wallets
  • Bitcoin ATM Map
  • Conferences & Events
  • About
  • Contact

© 2016 - 2021 CryptoNinjas Disclosures | Privacy Policy


Go to mobile version