Germany’s Bitwala Launches All-In-One Mobile Bitcoin Bank App

Must Read

Top 5 DeFi Wallets in the Market Right Now

DeFi is arguably the hottest space in the entire cryptocurrency and blockchain ecosystem right now....

Gen2 Technologies’ Iris Media Network Signs Up Colin Garrett Racing

SPARKS, Nev., April 14, 2021 /PRNewswire/ -- Gen2 Technologies Inc. (the "Company") (OTC: MNIZ) is pleased to...

Ethereum Blockchain: Current news and prediction round the future

 Ethereum is more sheltered than you may think, but by means of a decentralized app or exchange that hasn't...
- Advertisement -
Earn Free Bitcoin

On Aug. 29, German blockchain-based banking startup Bitwala announced the launch of its smartphone app for Bitcoin banking on iOS and Android. Customers in over 30 European countries can now open a German bank account with integrated Bitcoin wallet and trading. 

Open an account directly from within the app in minutes

The onboarding process for new customers has been directly integrated into the app. It uses a video identification feature, with which residents throughout the European Economic Area can verify and open an account within minutes. Bitwala CTO Benjamin James explains:

“Once you have an account, you can seamlessly integrate your daily banking activities — whether in Bitcoin or Euro — into your everyday life.”

The account comes with a free debit Mastercard, and euro deposits up to €100,000 ($110,100) are covered by the German deposit guarantee scheme.

Integrated Bitcoin wallet and trading

The integrated Bitcoin wallet works just like conventional online banking. In this respect, it is different from an account at a cryptocurrency exchange as it can be used to manage daily finances.

Users can buy and sell Bitcoin directly from their bank account. The wallet has P2P functionality to transfer Bitcoin to friends and family, and transactions can be authorized using biometrics. Private keys are held by the customer at all times. 

Bitwala CFO, Christoph Iwaniez, spoke about account security:

“With Bitwala your bitcoin are booked directly on the Blockchain via a multi-signature wallet. This is another way of saying that hacking Bitwala is as useless as breaking the Blockchain itself and that our customers are fully in control of their Bitcoin wallets at all times.”

- Advertisement -
- Advertisement -

Latest News

Top 5 DeFi Wallets in the Market Right Now

DeFi is arguably the hottest space in the entire cryptocurrency and blockchain ecosystem right now....
- Advertisement -Earn Free Bitcoin

Ken The Crypto tells You How to Get the Most out of the 2021 Bull Run

The year 2021 is what people call the "Bitcoin Year", and the reason is self-explanatory. This recent bull-run has brought...

DigiShares Releases Industry Report on Real Estate Tokenization

DigiShares, a white label security token issuance solutions provider, has released a detailed report outlining the state of the global...

Gen2 Technologies (MNIZ) To Hold Quarterly Update

SPARKS, Nev., March 29, 2021 /PRNewswire/ -- Gen2 Technologies Inc. (the "Company") (OTC: MNIZ) wishes to inform its loyal shareholders that it...

Digital Securities & Tokenization Summit Announced for May 2021

Press Release 24 March 2021 DigiShares, the end-to-end white-label platform for...