Bitwala to open German cryptobank with support from solarisBank

posted 8 months ago
Blockchain startup Bitwala is aiming to launch Germany's first "blockchain bank account." Bitwala plans to offer banking services by way of solarisBank's German banking license, who is also their new partner. Bitwala raised €4 million in new funding last month to support its efforts.

Thus far, according to the company, 35,000 users have pre-registered for the upcoming service. Bitwala's partner has some notable backers, including VISA and Spain-based BBVA. Jörg von Minckwitz, president of Bitwala said "We are very proud to partner with solarisBank as we launch our new product. Their technical services and regulatory umbrella enable Bitwala to be fully compliant with German banking requirements while offering a reliable user experience."
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