Join Our Mailing List
Monday January 30, 2023
Bitcoin (BTC) $23,116.19   Ethereum (ETH) $1,581.27
  • Events
  • News
    • Blockchain Technology
    • Capital Raising
    • Crypto Exchanges
    • Crypto Payments
    • Gaming & Betting
    • Investment Management
    • M&A
    • Mining
    • Networks & Protocols
    • Security
    • Vendor Technology
    • Wallets
Trezor Model T
CryptoNinjas
  • Crypto & Blockchain Links
  • Real-Time Market Data
  • Bitcoin ATM Map
  • Token Offerings/Listings
No Result
View All Result
CryptoNinjas
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
29
SHARES
FacebookTwitterLinkedinRedditE-MailTelegram

Related News

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

01/07/2020
EU crypto bank app Bitwala adds full support for Ether (ETH)

Bitwala, a Berlin-based cryptocurrency banking service, today announced it now offers its users the ability to trade Ether (ETH), the cryptocurrency of the Ethereum network. ETH is the world’s leading programmable blockchain and the...

Read more

Berlin-based solarisBank launches subsidiary for digital asset services

12/11/2019
Berlin-based solarisBank launches subsidiary for digital asset services

solarisBank AG, a Berlin-based banking technology company, today announced the establishment of its subsidiary solaris Digital Assets GmbH. The 100% subsidiary of solarisBank will provide an API-accessible platform that adds a custody solution to...

Read more

EU bitcoin bank app Bitwala integrates CryptoTax software

10/22/2019
EU bitcoin bank app Bitwala integrates CryptoTax software

Bitwala, a German licensed bitcoin banking service app, today announced a new integration solution with CryptoTax. Now, for users of Bitwala, enclosing statements on cryptocurrencies with their tax report will be as simple as...

Read more

Boerse Stuttgart Digital Exchange (BSDEX) has launched

09/23/2019
Boerse Stuttgart Digital Exchange (BSDEX) has launched

Today, trading has started on Boerse Stuttgart Digital Exchange (BSDEX). The BSDEX is the first regulated trading venue for digital assets in Germany where investors’ orders are executed directly against each other according to...

Read more
Load More
Leave Comment

Where to Exchange

Leading crypto suite in Spain & LATAM Visit
European bitcoin exchange Visit
Swap & buy 150+ cryptocurrencies Visit
First U.S. regulated BTC exchange Visit
  • Trending
  • Latest
Trust Wallet launches anticipated browser extension of its crypto management app

Trust Wallet launches anticipated browser extension of its crypto management app

11/14/2022
Crypto derivatives exchange Deribit to put in place trade surveillance platform from Eventus

Crypto derivatives exchange Deribit to put in place trade surveillance platform from Eventus

01/24/2023
6 Best Cloud Mining Platform In 2022

6 Best Cloud Mining Platform In 2022

11/20/2022
Where Exactly Can You Spend Monero Cryptocurrency?

Where Exactly Can You Spend Monero Cryptocurrency?

10/20/2021
Crypto derivatives exchange Deribit to put in place trade surveillance platform from Eventus

Crypto derivatives exchange Deribit to put in place trade surveillance platform from Eventus

01/24/2023
Crypto exchange Gemini launches new electronic OTC trading solution

Crypto exchange Gemini launches new electronic OTC trading solution

01/19/2023
Crypto securitization platform-GenTwo links to all Coinbase assets

Crypto securitization platform GenTwo links to all Coinbase assets

01/14/2023
Blockchain ecosystem ThunderCore teams with Huobi and MyCointainer in node expansion

Blockchain ecosystem ThunderCore teams with Huobi and MyCointainer in node expansion

01/05/2023
  • Home
  • Directory
  • Data
  • About
  • Contact
SUBSCRIBE

© 2016 - 2023 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
No Result
View All Result

© 2016 - 2023 CryptoNinjas Disclosures | Privacy Policy