154-Year-Old German Banking Giant Signed an Agreement with Cryptocurrency Company

German banking giant Deutsche Bank will offer real-time payment solutions for Bitpanda customers.

Fintech unicorn Bitpanda will use real-time payment solutions from Deutsche Bank for the transactions of its customers in Germany. Bitpanda will thus facilitate user transactions by providing access to German IBANs.

Founded in 1870, Deutsche Bank provides services in areas such as individual and corporate banking and asset management. The bank started working on a custody and tokenization service for cryptocurrencies last year.

Bitpanda Deputy CEO Lukas Enzersdorfer-Konrad said: “By bringing together the best elements of the industry, we can create real value for people. "Deutsche Bank's desire to work with new and innovative players in the financial industry makes this partnership possible."

“We are confident that with Bitpanda, a regulated and well-known fintech provider, we will establish a secure environment for users in this innovative field of virtual asset investment,” said Kilian Thalhammer, Global Head of Merchant Solutions at Deutsche Bank.

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