Bank

Cryptocurrency

2024

Bitpanda, a Vienna-based crypto broker, <a href="https://blog.bitpanda.com/en/bitpanda-partners-deutsche-bank-major-milestone-industry" target="_blank" rel="noreferrer noopener">announced</a> that it enlisted the German Bank, Deutsche Bank (DBK) to handle customer deposits and withdrawals of fiat currency, now the company is the first crypto firm to partner with a major international bank.&nbsp; 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Major milestone alert! Bitpanda is expanding its partnership with <a href="https://twitter.com/DeutscheBank?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">@DeutscheBank</a>. 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: <a href="https://t.co/XvMWDHPIHr" target="_blank">https://t.co/XvMWDHPIHr</a>… <a href="https://t.co/joEwdTzDs8" target="_blank">pic.twitter.com/joEwdTzDs8</a>— Bitpanda (@Bitpanda_global) <a href="https://twitter.com/Bitpanda_global/status/1797890650806853752?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">June 4, 2024</a>
 </blockquote> 
 </div>
</figure> 
Users of Bitpanda can now access international bank account numbers (IBANs) in Germany, thereby facilitating the conversion of cryptocurrency to money and vice versa. Additionally, Deutsche Bank will support both inward and outbound Bitpanda transactions. 
Bitpanda aims to offer a customized local solution and to assist the company’s ongoing efforts to solidify its position as the top digital asset trading platform in Europe. Deutsche Bank provides Bitpanda with operational support for cross-currency solutions in Austria and Spain via its subsidiary European Hausbank. 
“Deutsche Bank’s commitment to working with new and innovative players in the financial industry continues to make our partnership possible. From today, we can access a range of Deutsche Bank’s products, unlocking benefits for our team and our users,” said Bitpanda’s deputy CEO, Lukas Enzersdorfer-Konrad. 
Cryptocurrency and tokenization are nothing new to Deutsche Bank. Through a partnership with Taurus, the massive German bank expanded its offering last year to include tokenization and crypto custody. 
Kilian Thalhammer, Global Head of Merchant Solutions, at Deutsche Bank, expressed, “With Bitpanda, a recognized 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.” 
With Germany’s biggest bank giving Bitpanda users local bank account numbers to enable fiat cash payments, Deutsche Bank’s involvement signals a change in attitude. Users of cryptocurrencies will no longer have to hassle with complicated deposit and withdrawal processes. 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 Also Read: <a href="https://www.cryptotimes.io/2024/05/31/former-deutsche-bank-exec-sentenced-for-fraudulent-schemes/" target="_blank" rel="noreferrer noopener">Former Deutsche Bank Exec Sentenced for Fraudulent Schemes</a> 
</blockquote>

Bitpanda Partners Deutsche Bank to Handle Fiat Transactions

The Crypto Times

Other articles published on Jun 4, 2024

MoonBag Crypto Becomes The Talk of the Crypto Town as Solana and Cardano Face Challenges

Thailand Unlocks Crypto Gateway with Pioneering Bitcoin ETF Launch

Celebrity memecoin promoter Sahil Arora banned by X

5 Artificial Intelligence (AI) Tokens to Watch in June 2024

Solana (SOL) Primed for Surge, Ethereum (ETH) Stalls at $4,000, and Furrever Token (FURR)'s Uniqu...

Kooc Media Launches Blockfresh.com, A News Platform for the Blockchain & Crypto Ecosystem

Join our free newsletter for daily crypto updates!