Bitwala will allow to have cryptos and fiat money in an account
The German company will launch a tool to the market that will authorize its clients to manage their funds in both euros and bitcoins
Bitwala, a German banking services company, announced that it will launch a platform that will allow people to manage cryptocurrency funds and fiat money in the same bank account.
The launch date was set for November of this year, with an estimate of at least 30 thousand customers who have registered for this new service. Currently, the largest initial investor is Earlybird Venture Capital.
This service was created in order to benefit the Bitwala users through the management of the bank account in a dual way, so they can handle both the bitcoin and the euro funds simultaneously.
“The cryptocurrency community is anxiously awaiting the launch of our new service. I am very proud that with our new product we close the gap between the crypto and traditional banking, and solve one of the biggest obstacles on the road to widespread adoption,” said Jörg von Minckwitz, president of Bitwala GmbH.
Clients will be able to receive salary payments, and will also be allowed to make deposits for lease purposes, among other.
Beyond the services related to fiduciary money, the “bitcoin bank accounts” will offer users the opportunity and instant access to liquidity in the trading of digital assets directly.
K. Tovar
Source: CNN
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