Payments Startup Bitwala Now Offers Crypto Banking in Germany

Germany-based crypto payments startup Bitwala is now offering bitcoin banking services in the country.

Claiming to launch Europe’s “first” such banking solution, the firm announced Wednesday the service becomes available via a partnership with local fintech firm SolarisBank that has a banking license and thus is fully regulated.

With the service, users can now manage both bitcoin and euro deposits in one place with the “safety and convenience” of the German bank account, Bitwala said, adding that accounts and debit cards are free but it charges a one-percent transaction fee for trading bitcoin.

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