German blockchain startup Bitwala and licensed Berlin FINTECH company solarisBank officially began to offer the residents of Germany services cryptobinding. As noted by the representatives of the companies, in Europe they are pioneers in this area and will provide safe and convenient service, working on that feature traditional German banks.
Customers kleptomanka will be able to manage the funds in bitcoins and euros with a single account and payment card, which can be ordered free of charge. The Commission in 1% will be charged for trading bitcoin transactions, and the minimum transaction amount is €10. CFO Bitwala Ivanis Christoph (Christoph Iwaniez) argues that the same accounts can be used to trade the PTS, and for payment of wages, payment of rent etc. At the same time deposits of up to €100 thousand euros will be protected under the German system of Deposit guarantee (DGS).
The wait is over – We’ve officially launched #Bitwala accounts! Discover the banking experience built for the #crypto economy https://t.co/YOjpZTUWcT #blockchainbanking
— Bitwala (@bitwala) December 12, 2018
Reportedly, at present, the system invited to join the 40 thousand users who are pre-registered in the service.
Recall that the intention for several months to become the first German CryptoRandom and to develop the blockchain banking Bitwala announced in February of this year. To implement the solution the company has raised €4 million investment in a round of funding led by European venture capital company Earlybird Venture Capital, and signed a cooperation agreement with solarisBank.
However, today it became known that solarisBank and the Stuttgart stock exchange, the second largest in Germany, are working together to develop the infrastructure for a new cryptocurrency exchange.
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