Revolutionizing Banking: Bitwala’s New App Makes Bitcoin Management a Breeze

Welcome to the Future of Banking

On August 29, Bitwala, a German startup focused on blockchain technology, unveiled its game-changing smartphone app that takes Bitcoin banking to the next level. With a mission to simplify your financial interactions, this app is now available for both iOS and Android users across more than 30 European countries. It’s not just a wallet; it’s your new banking best friend!

Simplifying Account Creation

Gone are the days of filling out tedious forms and waiting weeks for your account to be approved. With Bitwala’s innovative onboarding process, you can now open a German bank account within minutes, right from the app. Thanks to the video identification feature, anyone residing in the European Economic Area can verify their identity and access their account quicker than you can say “blockchain!”

Your Banking, Your Way

Imagine having your Bitcoin and Euro transactions integrated seamlessly into your daily life. That’s exactly what Bitwala aims to achieve. As CTO Benjamin James puts it, “Once you have an account, you can seamlessly integrate your daily banking activities — whether in Bitcoin or Euro — into your everyday life.” Talk about flexible finance!

Everything You Need in One App

The app doesn’t just stop at account creation. It comes with an integrated Bitcoin wallet that mirrors the functionality of traditional banking while throwing a cryptocurrency twist into the mix. Users can:

• Buy and sell Bitcoin directly from their bank accounts.
• Transfer Bitcoin to friends or family with P2P functionality.
• Authorize transactions using biometric security features.

And the cherry on top? Customers retain full control over their private keys at all times—making your crypto holdings secure in more ways than one!

Prioritizing Security

Speaking of security, Bitwala CFO Christoph Iwaniez reassured users that their funds are safe. “With Bitwala, your bitcoin are booked directly on the Blockchain via a multi-signature wallet.” He explained that hacking the platform wouldn’t yield any profit to potential attackers, as this would also mean tampering with the Blockchain itself. In other words, your assets are firmly under your control.

Backing with Investment

It’s worth noting that Bitwala isn’t just some flash-in-the-pan startup. Recently, they raised €13 million (about $14.3 million) in a funding round, highlighting confidence in their business model and potential for growth. Clearly, this company is gearing up to make big waves in the banking sector!