Many of us already know Bitwala – a German based, blockchain payment service provider. Bitwala’s cryptocurrency debit card was a great tool, before Visa cancelled their operations with the Wavecrest debit card provider.
The Real Blockchain Bank
Bitwala announced that it is launching a new crypto banking service. The service will include international bank account numbers (IBAN), SWIFT/BIC codes and MasterCard debit cards.
The application process with the BaFin (German Federal Financial Supervisory Authority) is already underway and awaiting approval.
The pre-registration for clients had already started and even though the actual service isn’t up yet, anyone interested can reserve their place in line.
The service is aiming at enabling a regular banking service alongside a full cryptocurrency package – complete with payments and trading with Bitcoin and other coins. Since the bank accounts will be integrated – credit cards use will be available as well.
Let’s hope that this time nothing will stand in the way and we’ll see a comprehensive crypto-banking service we can all enjoy.