- The alliance between Deutsche Bank and Bitpanda marks an advancement in integrating traditional banking with the crypto market.
- Bitpanda’s introduction of local bank account numbers streamlines fiat transactions, enhancing user accessibility and experience.
- Deutsche Bank prioritizes compliant crypto partnerships, reflecting broader acceptance of virtual assets.
Deutsche Bank, Germany’s largest bank, and Vienna-based crypto platform Bitpanda, have partnered in a move that marks a significant step in integrating traditional banking with the crypto market.
Bitpanda users in Germany will now be able to instantly deposit and withdraw funds using local bank account numbers issued by Deutsche Bank. Founded in 2014, Bitpanda boasts over 4 million users and offers a diverse range of products, including fractional shares, crypto assets, and precious metals. This partnership with Deutsche Bank, providing customers with a seamless fiat gateway, aims to enhance Bitpanda’s services and expand its user base.
Ole Matthiessen, Deutsche Bank’s global head of cash management, emphasized the company’s cautious approach to crypto collaborations, stating that they partner only …
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