Bitwala launches bitcoin banking application in 30 countries

UNITED STATES, WASHINGTON (OBSERVATORY) — The German blockchain startup Bitwala has launched a banking application with an integrated Bitcoin wallet. This was reported on the company’s website.

The application is available for devices on iOS and Android. With its help, residents of 30 European countries can open an account with a German bank in a few minutes using the video identification function.

Users can also receive a Mastercard debit card with the ability to deposit funds up to € 100 thousand.

A key feature of the application is an integrated Bitcoin wallet. According to representatives of Bitwala, it can be used for everyday finance. For example, users can buy BTC directly from their bank account, and then send them to friends and relatives, while retaining control of private keys.

In December last year, Bitwala officially launched its updated cryptocurrency service, offering users a single bank account with support for bitcoin and fiat and debit cards. Thanks to the partnership with solarisBank, platform users can also trade bitcoin directly from their account.

Also recall, last month, the startup Bitwala raised 13 million euros with the support of the Japanese company Sony.


This article is written and prepared by our foreign editors writing for OBSERVATORY NEWS from different countries around the world – material edited and published by OBSERVATORY staff in our newsroom.

Our Standards, Terms of Use: Standard Terms And Conditions.

OBSERVATORY NEWS — Breaking news source, real-time coverage of the world’s events, life, politics, business, finance, economy, markets, war and conflict zones.

Contact us: [email protected]

Stay connected with News Observatory and Observatory Newsroom, also with our online services and never lost the breaking news stories happening around the world.

Support The OBSERVATORY from as little as $1 – it only takes a minute. Thank you.

We are NEWS OBSERVATORY — the only funding and support we get from people – we are categorically not funded by any political party, any government somewhere or from any grouping that supports certain interests – the only support that makes OBSERVATORY possible came from you.