The European cryptocurrency payment provider, which enables paying bills with bitcoins and issues bitcoin debit cards, has combined its core services in one online wallet.

According to the company website, control over the wallet privacy wholly belongs to the user. The tool allows making international transactions, transferring money to the debit card and monitoring payments history. For users who have not passed identification, the volume of transactions is limited to 200 euros per month in bitcoin equivalent. When you provide your home address and verify e-mail the limit rises to 500 euros. The wallet only charges standard 0.5% transaction fee.

In the future, support of other cryptocurrencies may be added such as ether and dash, the company says.

“If I had to sum up all the advantages our own wallet offers, I would use one word: Usability. We at Bitwala try to make handling Bitcoins as easy as sending a text message. In order to make the experience as smooth as possible it was just the logic step to introduce the Bitwala wallet. It’s an all-in-one solution for our users,” says the company CEO Jörg von Minckwitz.

Earlier this month, Bitwala launched a messenger that allows users not only to communicate but also make direct cryptocurrency transfers in the chat window. The company advertises it as a “Whatsapp for money”.

Lyudmila Brus