Bitpanda, the fintech unicorn and crypto broker, expands its partnership with Deutsche Bank, managing to offer local IBANs for users in Germany.
Bitpanda: the crypto broker with Deutsche Bank to provide local IBANs
The partnership between Bitpanda and Deutsche Bank moves to the next step, with the crypto broker being able to provide local IBANs for users in Germany.
Major milestone alert! Bitpanda is expanding its partnership with @DeutscheBank. Together we’re delivering real-time payment services and local IBAN numbers for our users in Germany. This is a game changer for the industry!
Find out more in our Blog: https://t.co/XvMWDHPIHr… pic.twitter.com/joEwdTzDs8
— Bitpanda (@Bitpanda_global) June 4, 2024
“Alert for a major milestone! Bitpanda is expanding its partnership with @DeutscheBank. Together we are providing real-time payment services and local IBAN numbers for our users in Germany. This is a breakthrough for the sector!”
In practice, Bitpanda is expanding its partnership with Deutsche Bank to integrate transactional accounts into its B2C broker platform.
Specifically, the fintech unicorn of Bitpanda, together with Deutsche Bank, will be able to provide real-time payment solutions for incoming and outgoing transactions to users in Germany.
This API-based account solution will provide Bitpanda with access to German IBANs, simplifying and improving the user experience and ensuring trust, speed, and efficiency.
It is the first time that a top-tier bank collaborates with a cryptocurrency company to offer an integration of this product density and scope. This means that when customers deposit or withdraw fiat from Bitpanda, the transactions go through Deutsche Bank.
Furthermore, as part of this partnership, Deutsche Bank will provide Bitpanda with a local IBAN in Germany.
Bitpanda and Deutsche Bank: the crypto broker that provides local IBAN
Deutsche Bank represents another important institutional partnership for Bitpanda, which is experiencing a period of significant growth.
In this regard, Lukas Enzersdorfer-Konrad, Deputy CEO of Bitpanda, commented:
“Bringing together the best parts of the sector is how we can create real value for people. Deutsche Bank’s commitment to collaborating with new and innovative players in the financial sector continues to make our partnership possible. From today, we can access a range of Deutsche Bank products, gaining benefits for our team and our users.”
Bitpanda is a regulated multi-asset brokerage platform that offers retail investors over 2,800 virtual assets and selected indices, as well as stocks, ETFs, and commodities.
Kilian Thalhammer, Global Head of Merchant Solutions at Deutsche Bank, spoke about the collaboration with Bitpanda as follows:
“We always strive to collaborate with companies that share our commitment to user safety. With Bitpanda, a recognized and regulated fintech provider, we are confident that we can help build a safe and reliable environment for users in this innovative sector of virtual asset investments. With our strategy of being the reference bank for high-potential platforms, the partnership with Bitpanda represents a fundamental milestone as we shape this emerging ecosystem through active engagement with the main operators in the sector.”
The expansion in Austria and the diversification with Meme Coin Leaders Index
At the beginning of May, Bitpanda formed a new partnership with Raiffeisen Bank to expand in Austria.
In fact, Bitpanda can offer the trading of crypto and other assets also to the clients of the 55 bank branches throughout the country.
During the last month, then, the fintech unicorn launched its new product Meme Coin Leaders Index, thus helping investors to diversify their crypto-wallets.
To begin, the index will contain the main memecoins such as PEPE, FLOKI, WIF, BONK, DOGE, and SHIB.