Bitwala, a blockchain banking service based in Germany, has launched a mobile application. The application will open a German bank account with an integrated bitcoin wallet and trading on their mobile phones.

With this new Bitwala app, users can directly book bitcoins via a multi-signature wallet. The app claims that you can open your account in just 60 minutes. The app has a video verification process for users. For verifying, the residents in the European Economic Area require a valid national ID card or passport and proof of address. Also, there is a free Mastercard Debit card. Users can withdraw cash from 40 million ATM’s worldwide. Moreover, the app has a built-in Peer-to-Peer function. This feature thus helps in sending amount quickly to family and friends globally with the help of a QR Code. Transactions in the wallet can be authorized by using biometrics. Also, the new app is available for both Android and iOS platforms. It was never safer, easier, and faster to manage Bitcoin as per the source.

In July, the Germany-based cryptocurrency payments and banking services provider had raised 14.5 million euros in Series A funding. The funds thus aimed to boost Bitwala’s growth strategy to attract new customers, recruit talent, and start offering Bitcoin accounts for businesses.