Tuesday March 02, 2021
Bitcoin (BTC) $48,559.00   Ether (ETH) $1,543.22
  • 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 Crypto Payments

Bitwala’s bitcoin enabled German based bank account goes live

Published by CryptoNinjas.net
12/12/2018
Bitwala’s bitcoin enabled German based bank account goes live

Starting today, German cryptocurrency company Bitwala began offering Europe’s first banking solution for early adopters and mainstream users of bitcoin and cryptocurrency It is the first time that users can manage both bitcoin and Euro deposits in one place with the safety and convenience of a German bank account.

With the integration of video verification, opening a Bitwala account takes just a few minutes. Customers will need to provide an ID and answer a few questions with the operator. This is a mandatory requirement for opening bank accounts known as Know Your Customer, or KYC.

Bitwala is now working to onboard 40,000 customers who previously preregistered to open a German current account with a built-in bitcoin wallet.

“This is a major moment for the banking and cryptocurrency industries. Money has always changed with time. As digitization spreads, the world is now entering a hybrid future where Blockchain-borne and state-backed currencies complement each other. Bitwala’s 30-strong team did a stellar job in developing a service within the confines of banking regulation as a bridge between the traditional and crypto economies. Over 40,000 customers, and counting, already signed up for the new Bitwala account.”

Jörg von Minckwitz, President and co-founder of Bitwala

“We were able to bring cryptocurrencies into a fully compliant banking setup regulated in Germany. This shows that cryptocurrencies can fit into regulatory frameworks which protect consumers and ultimately inspire trust.”

Jan Goslicki, Chief Compliance Officer and co-founder of Bitwala

“We are proud of the whole Bitwala team, with its unique background in cryptocurrencies and banking, who worked tirelessly over the past year to make this happen. Without this diverse mixture of talent, backgrounds, and experience it would not have been possible.”

Chief Product Officer of Bitwala, Konstantin Werhahn
Bitwala Accounts

Bitcoin can be traded with just a few clicks drawing from the liquidity in the current account. At the same time, Bitwala’s blockchain banking solution is fully compliant with the regulators. As with any bank account in Germany, Euro deposits of up to 100,000 Euro will be protected by law. The accounts will be hosted by solarisBank, the Berlin-based tech platform with a banking license and therefore supervised by BaFin and Bundesbank, Germany’s banking authorities.

“The new bank account offers users SEPA transactions, easy management of recurring payments, and comes with a debit card for on the go payments and ATM cash withdrawals. For instance, customers will be able to use their Bitwala account to receive salary payments and pay their rent. And if you want to trade Bitcoin, you can draw liquidity from the same current account.”

Christoph Iwaniez, Chief Financial Officer at Bitwala

“We built the new account putting our customers first. No longer do they have to wire their liquidity to separate exchange accounts with frail fund protection measures outside of Germany. No longer do they have to accept excessive fees for trading. Trading with Bitwala is fast and reliable and our pricing highly competitive.”

Ben Jones, Bitwala’s Chief Technical Officer and co-founder
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
Berlin-based solarisBank launches subsidiary for digital asset services
Vendor Technology

Berlin-based solarisBank launches subsidiary for digital asset services

12/11/2019
EU bitcoin bank app Bitwala integrates CryptoTax software
Featured

EU bitcoin bank app Bitwala integrates CryptoTax software

10/22/2019
Boerse Stuttgart Digital Exchange (BSDEX) has launched
Crypto Exchanges

Boerse Stuttgart Digital Exchange (BSDEX) has launched

09/23/2019
German bitcoin bank wallet Bitwala launches mobile app
Wallets

German bitcoin bank wallet Bitwala launches mobile app

08/29/2019
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
Glow programming language brings smart contract simplicity to Cardano

Glow programming language brings smart contract simplicity to Cardano

02/26/2021
ZelaaPayAE deploys Pundi X's merchant crypto payment solutions for UAE

ZelaaPayAE deploys Pundi X’s merchant crypto payment solutions for UAE

02/24/2021
Komodo's AtomicDEX stress test proves success as a scalability solution

Komodo’s AtomicDEX proves success as a scalability solution with stress test complete

02/26/2021
Tendermint invests in Tgrade to bolster Cosmos' growing DeFi ecosystem

Tendermint invests in Tgrade to bolster Cosmos’ growing DeFi ecosystem

02/24/2021
Lido teams with Unslashed to cover $200M worth of staked ether against slashing risks

Lido teams with Unslashed to cover $200M worth of staked ether against slashing risks

02/25/2021
CasinoCoin to migrate to XRP Ledger amidst rebranding

CasinoCoin to migrate to XRP Ledger amidst rebranding

03/01/2021
Simplex's crypto on-ramp integrated into Opera web browser

Simplex’s crypto on-ramp integrated into Opera web browser

03/01/2021
Yield App launches new API with its first partner, hybrid liquidity aggregator Finxflo

Yield App launches new API with its first partner, hybrid liquidity aggregator Finxflo

03/01/2021
Horizen to integrate IOTA Oracles on its sidechain protocol Zendoo

Horizen to integrate IOTA Oracles on its sidechain protocol Zendoo

03/01/2021
Oracle solution Umbrella Network launches successful IDO on Polkastarter

Oracle solution Umbrella Network launches successful IDO on Polkastarter

03/01/2021
  • 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