Recently, the German blockchain banking service, Bitwala closed a funding round of €4 million from investors Earlybird and coparion. With the latest investment, Bitwala is all set to launch the first-ever platform that will enable consumers to have both euro deposits and bitcoin funds within the same bank account.
The Fintech startup has plans to kick off the platform by November 2018 and more than 30,000 people have already signed up to be among the first to be onboarded. The account will combine all the features needed for everyday banking in both the traditional and in the crypto world. By launching its regulated blockchain service, the company fulfils one of its original goals, which involves bringing a smooth transition between the cryptocurrency and legacy financial systems.