Bitwala unveils banking application with integrated crypto wallet

Posted 02 September, 2019

German's blockchain company Bitwala has reportedly rolled out an application for the banking sector with built-in bitcoin wallet.

According to the company report, the new software solution is designed for both iOS and Android-based devices. 

The application will be available in 30 European countries. Along with new wallet, users will be able to get Mastercard debit card with possible deposits up to EUR 100,000.

"For the first time, mobile users can open a German bank account with an integrated bitcoin wallet and trading on their smartphone within minutes," said the company.

As the company noted, the key feature of its banking application will be built-in crypto wallet which is expected to be used for daily finance routine.

The company spokesperson explained:

"With the integrated Bitcoin wallet users can buy and sell bitcoin directly from their bank account. The balance in EUR or BTC is available on the account within the hour."

It was reported earlier that Bitwala managed to get EUR 13 million funding with Sony among the investors in July.

For reference, the company launched its updated crypto service last December. The service provides users with a single banking account that accepts bitcoin and fiat debit cards.

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