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Deutsche Bank will provide Bitpanda customers with real-time payment solutions for incoming and outgoing transactions. This partnership between a Tier 1 bank and an emerging crypto company marks a significant step for the entire digital asset industry.
As part of the collaboration, Deutsche Bank will provide Bitpanda with access to local IBANs in Germany. Customers will therefore be able to deposit or withdraw fiat currencies at Bitpanda, with transactions being processed via Deutsche Bank.
According to a press release on Tuesday, this API-based account solution is expected to streamline and enhance the experience for users and ensure confidence, speed, and efficiency.
Bitpanda is a regulated multi-asset broker platform offering more than 2,800 selected virtual assets and indices as well as stocks, ETFs and commodities to retail investors.
With over 4 million users and counting, the Austrian-fintech envisions the further cooperation with traditional financial service providers as a strategic and pivotal goal to «shape the future of the financial service industry.»
Meanwhile, Deutsche Bank can thereby venture into entirely new business areas.
Bringing the best parts of the industry together is where we can create real value for people, says the deputy Bitpanda CEO, Lukas Enzersdorfer-Konrad. «Deutsche Bank’s commitment to working with new and innovative players in the financial industry continues to make our partnership possible.
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, added Kilian Thalhammer, Global Head of Merchant Solutions, Deutsche Bank.
