Bitwala Launched Bitcoin Bank In 31 European Countries
German blockchain company Bitwala launched an app that allows Europian users to open a bitcoin bank account through their smartphones, reported on 29 August 2019.
According to the report, the Bitwala company says that the users from all the 31 European countries have access to the services of the German Bank account can buy, sell and store their bitcoins there.
Normally 1% trading fee is charged by the Bitwala but the Debit Mastercards on their account are freely offered by them to their the users. Also, the lost Debit Mastercards are allowed to cancel directly from their app by the users.
“Our developers have been working hard for months to provide our users with the best app experience possible. We are particularly proud to have reduced the onboarding time for new customers. Onboarding is now directly integrated into the app. Once you have an account, you can seamlessly integrate your daily banking activities – whether in bitcoin or Euro – into your everyday life.”
– co-founder and chief technical officer of Bitwala, Benjamin Jones
Basically, Bitwala was founded in 2015 by Jan Goslicki, Benjamin Jones and Jörg von Minckwitz.
The most important thing to note is the only users have full access to the private keys of their bitcoin wallets which provide users better security and privacy. Remember the famous Crypto quote “NOT YOUR KEYs NOT YOUR COINS”.
“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. Therefore, we are the safest way to buy, sell, and store bitcoin – now even on your smartphone.”
– chief financial officer at Bitwala, Christoph Iwaniez
Bitwala bitcoin banking services are launched for users of the following European countries – Austria, Belgium, Bulgaria, Croatia, Republic of Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, and the United Kingdom.
Previously, World’s largest cryptocurrency exchange Coinbase launched its Crypto Debit Card in six countries of Europe.
