For the first time, a major international bank has partnered with a crypto company to deliver this integration: Deutsche Bank will provide real-time payment services, including local IBANs for German Bitpanda users.
Fintech unicorn Bitpanda is expanding its partnership with Deutsche Bank to provide real-time payment solutions for incoming and outgoing transactions for users in Germany, according to the press release.
„This API-based account solution will provide Bitpanda with access to German IBANs, streamlining and enhancing the experience for users and ensuring confidence, speed and efficiency. This is just the latest step taken as part of Bitpanda’s efforts to provide a tailored local solution and supporting the continued strengthening of Bitpanda’s position as the leading digital-asset trading platform in Europe. Deutsche Bank already supports the operational needs of Bitpanda as its European Hausbank for cross-currency solutions in Austria and Spain.” – the company explained.
Eric Demuth – CEO Bitpanda said: „This year marks one of the most significant milestones in the history of our industry. We are witnessing a seismic shift in attitude, approach, and adoption. For the first time, a major international bank has partnered with a crypto company to deliver this integration: Deutsche Bank will provide real-time payment services , including local IBANs for German Bitpanda users.”
„This is a huge step for the whole industry and a testament to the strength of Bitpanda’s brand, reputation, and trustworthiness. Together with Deutsche Bank, we are raising the industry standard and advancing the integration of crypto with the traditional financial sector. This partnership signifies the change that is happening and brings us closer to realizing our vision.„
Lukas Enzersdorfer-Konrad, Deputy CEO of Bitpanda, commented: “Bringing the best parts of the industry together is where we can create real value for people. Deutsche Bank’s commitment to working with new and innovative players in the financial industry continues to make our partnership possible. From today, we can access a range of Deutsche Bank’s products, unlocking benefits for our team and our users.”
Kilian Thalhammer, Global Head of Merchant Solutions, Deutsche Bank, added: “We are always looking to partner with companies who share our commitment to user safety and security. With Bitpanda, a recognised and regulated fintech provider, we are confident to help build a secure and trusted environment for users in this innovative field of virtual asset investing. With our strategy to be the bank of choice for the high-potential platforms, the partnership with Bitpanda represents a key milestone as we shape this emerging ecosystem through active engagement with leading industry players.”
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Bitpanda was founded in Vienna in 2014 and is one of Europe’s leading crypto brokers. With a selection of over 2,800 digital assets, including more than 350 crypto assets and numerous stocks, ETFs, precious metals and commodities, the Austrian fintech unicorn offers one of the most comprehensive ranges of digital assets available in Europe. Already trusted by over 4 million users, and dozens of institutional partners, Bitpanda holds licenses in several countries, and has a proven track record of working with local regulators to keep assets safe and secure. This makes Bitpanda one of the safest and most strictly regulated trading platforms in the industry. In addition to its headquarters in Vienna, Bitpanda has offices in Amsterdam, Barcelona, Berlin and Bucharest.
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