• Latest
Payments Startup Bitwala Now Offers Crypto Banking in Germany

Payments Startup Bitwala Now Offers Crypto Banking in Germany

December 12, 2018
ygg sea surpasses 10,000 scholarships in just six months of launch

YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch

May 6, 2022
mintable launches industry changing gas free minting service on ethereum

Mintable Launches Industry Changing Gas Free Minting Service on Ethereum

May 1, 2022
5 projects enabling smart contract development on bitcoin

5 Projects Enabling Smart Contract Development on Bitcoin

April 29, 2022
bitcoin atm installed in mexico's senate building

Bitcoin ATM installed in Mexico’s Senate Building

April 27, 2022
cross chain services play a crucial role in facilitating continued adoption of defi applications

Cross-Chain Services Play a Crucial Role in Facilitating Continued Adoption of DeFi Applications

April 26, 2022
justin sun launches usdd, integrating the blockchain world and the real world with the decentralized stablecoin

Justin Sun Launches USDD, Integrating the Blockchain World and the Real World with the Decentralized Stablecoin

April 25, 2022
nfts: the next musical revolution

NFTs: The Next Musical Revolution

April 24, 2022
things you should know before investing in nfts

Things You Should Know Before Investing in NFTs

April 24, 2022
what are wrapped tokens?

What Are Wrapped Tokens?

April 23, 2022
what is the future of ethereum (eth)?

What is the future of Ethereum (ETH)?

April 22, 2022
green gaming

Everything You Need to Know About Play-to-Earn on Algorand in 2022

April 21, 2022
$ape going bananas as rumors of upcoming land sale of bayc metaverse gather momentum

$APE Going Bananas As Rumors of Upcoming Land Sale of BAYC Metaverse Gather Momentum

April 21, 2022
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
CoinNewsDaily
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
No Result
View All Result
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
No Result
View All Result
CoinNewsDaily
No Result
View All Result
Home Business

Payments Startup Bitwala Now Offers Crypto Banking in Germany

coinnewsdaily by coinnewsdaily
December 12, 2018
in Business
0
Payments Startup Bitwala Now Offers Crypto Banking in Germany
191
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Related articles

ygg sea surpasses 10,000 scholarships in just six months of launch

YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch

May 6, 2022
5 projects enabling smart contract development on bitcoin

5 Projects Enabling Smart Contract Development on Bitcoin

April 29, 2022

Germany-based crypto payments startup Bitwala is now offering crypto banking services in the country.

Claiming the launch is Europe’s first such banking solution, the firm announced Wednesday the service becomes available via a partnership with local fintech firm SolarisBank that has a banking license and thus is fully regulated.

Users can now manage both bitcoin and euro deposits in one place with the “safety and convenience” of the German bank account, Bitwala said. Accounts and debit cards are free, though it charges a one-percent transaction fee for trading bitcoin.

Euro deposits of up to €100,000 (or $113,257) are protected by local laws like any other traditional bank accounts in Germany, the firm added.

Jan Goslicki, Bitwala’s chief compliance officer and co-founder, said:

“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.”

The firm said it has started on-boarding 40,000 customers who pre-registered for the service and will be accepting new users with immediate effect.

Customers will also be able to use their Bitwala crypto accounts to receive salaries, pay rent and trade bitcoin, according to Bitwala’s chief financial officer Christoph Iwaniez.

The crypto banking service was first scheduled to launch last month after Bitwala announced the SolarisBank partnership back in October. The startup said at the time that it hoped to launch its own bank one day and was planning to apply for a German banking license next year.

Bitwala raised $4.5 million in September from venture capital firms Earlybird and Coparion to develop its banking services.

Back in June, Goldman Sachs-backed crypto startup Circle was also seeking to register as a federally licensed bank in the U.S.

Bitcoin and euro image via Shutterstock 



Credit: Source link

Tags: BusinessCryptoCrypto Business
Share76Tweet48
Previous Post

The Future of ICOs: In the Hands of Regulators or Innovators?

Next Post

10-Year Jail Term Sought for Former Mt Gox CEO Mark Karpeles

coinnewsdaily

coinnewsdaily

CoinNewsDaily.com is an online Crypto Coin News Website that aims to provide latest trendy news from market and around the world.

Related Posts

ygg sea surpasses 10,000 scholarships in just six months of launch
Alt Coin

YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch

May 6, 2022
5 projects enabling smart contract development on bitcoin
Alt Coin

5 Projects Enabling Smart Contract Development on Bitcoin

April 29, 2022
cross chain services play a crucial role in facilitating continued adoption of defi applications
Alt Coin

Cross-Chain Services Play a Crucial Role in Facilitating Continued Adoption of DeFi Applications

April 26, 2022
justin sun launches usdd, integrating the blockchain world and the real world with the decentralized stablecoin
Alt Coin

Justin Sun Launches USDD, Integrating the Blockchain World and the Real World with the Decentralized Stablecoin

April 25, 2022
what are wrapped tokens?
Bitcoin

What Are Wrapped Tokens?

April 23, 2022
what is the future of ethereum (eth)?
Alt Coin

What is the future of Ethereum (ETH)?

April 22, 2022
Load More
Next Post
10-Year Jail Term Sought for Former Mt Gox CEO Mark Karpeles

10-Year Jail Term Sought for Former Mt Gox CEO Mark Karpeles

Categories

  • Alt Coin
  • Bitcoin
  • Business
  • Ethereum
  • ICO
  • Litecoin
  • Mining
  • NFT
  • Ripple
  • Tech
  • Trading

What New here?

  • YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch
  • Mintable Launches Industry Changing Gas Free Minting Service on Ethereum
  • 5 Projects Enabling Smart Contract Development on Bitcoin

Subscribe to Get More!

Loading
  • About Us
  • Contact Us
  • Privacy & Policy

© 2018-2021 CoinNewsDaily.com by CoinNewsDaily Inc. Crafted with Love by iFtiDev

No Result
View All Result
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining

© 2018-2021 CoinNewsDaily.com by CoinNewsDaily Inc. Crafted with Love by iFtiDev

  • bitcoinBitcoin(BTC)$20,707.00-3.48%
  • ethereumEthereum(ETH)$1,183.01-3.78%
  • tetherTether(USDT)$1.000.10%
  • binancecoinBNB(BNB)$230.91-4.27%
  • rippleXRP(XRP)$0.352152-4.38%
  • cardanoCardano(ADA)$0.489992-4.41%
  • SolanaSolana(SOL)$38.57-5.75%
  • dogecoinDogecoin(DOGE)$0.072697-2.04%
  • polkadotPolkadot(DOT)$7.87-4.85%
  • Shiba InuShiba Inu(SHIB)$0.000011-7.18%
  • daiDai(DAI)$1.000.09%
  • tronTRON(TRX)$0.0682585.16%
  • leo-tokenLEO Token(LEO)$5.961.21%
  • matic-networkPolygon(MATIC)$0.54-9.66%
  • litecoinLitecoin(LTC)$55.66-5.04%
  • FTXFTX(FTT)$26.84-4.37%
  • OKBOKB(OKB)$12.18-5.89%
  • CronosCronos(CRO)$0.123433-4.86%
  • chainlinkChainlink(LINK)$6.59-8.47%
  • stellarStellar(XLM)$0.119386-4.84%
  • cosmosCosmos Hub(ATOM)$8.13-4.60%
  • algorandAlgorand(ALGO)$0.330372-5.59%
  • moneroMonero(XMR)$124.86-4.25%
  • ethereum-classicEthereum Classic(ETC)$16.560.49%
  • bitcoin-cashBitcoin Cash(BCH)$112.04-4.23%
  • vechainVeChain(VET)$0.024470-5.56%
  • Internet ComputerInternet Computer(ICP)$5.82-4.99%
  • tezosTezos(XTZ)$1.52-2.23%
  • theta-tokenTheta Network(THETA)$1.33-7.83%
  • filecoinFilecoin(FIL)$5.81-5.94%
  • ElrondElrond(EGLD)$55.67-8.63%
  • bitcoin-cash-svBitcoin SV(BSV)$60.11-5.32%
  • eosEOS(EOS)$0.98-3.75%
  • makerMaker(MKR)$1,005.47-5.88%
  • AaveAave(AAVE)$63.76-9.01%
  • paxos-standardPax Dollar(USDP)$1.00-0.03%
  • huobi-tokenHuobi(HT)$5.27-2.89%
  • iotaIOTA(MIOTA)$0.289915-4.19%
  • zcashZcash(ZEC)$63.81-7.14%
  • neoNEO(NEO)$9.57-3.33%
  • zilliqaZilliqa(ZIL)$0.044452-8.56%
  • havvenSynthetix Network(SNX)$2.65-8.94%
  • wavesWaves(WAVES)$5.92-6.29%
  • basic-attention-tokenBasic Attention(BAT)$0.390977-6.42%
  • dashDash(DASH)$49.30-5.54%
  • PancakeSwapPancakeSwap(CAKE)$3.29-4.28%
  • KusamaKusama(KSM)$52.90-7.39%
  • nemNEM(XEM)$0.041455-5.53%
  • Elrond ERDElrond ERD(ERD)$0.0259290.00%
  • CompoundCompound(COMP)$49.97-7.57%
  • ethlendAave [OLD](LEND)$4.103.48%
  • qtumQtum(QTUM)$2.98-4.41%
  • bitcoin-goldBitcoin Gold(BTG)$17.17-3.56%
  • omisegoOMG Network(OMG)$1.96-4.03%
  • golemGolem(GLM)$0.244322-1.81%
  • SushiSushi(SUSHI)$1.15-7.81%
  • ontologyOntology(ONT)$0.241553-1.94%
  • yearn-financeyearn.finance(YFI)$6,309.84-9.72%
  • umaUMA(UMA)$2.66-6.74%
  • digibyteDigiByte(DGB)$0.010104-8.70%
  • UniswapUniswap(UNI)$2.4438.80%
Posting....