Berlin-based crypto banking startup Bitwala has announced the launch of their bitcoin banking app for iOS and Android.
The company said that all bank accounts will be hosted by solarisBank, a licensed German bank supervised by the Federal Financial Supervisory Authority (BaFin), and deposits up to 100,000 will be protected by the German deposit guarantee scheme.
Customer Bitcoin balances, according to the companys chief financial officer Christoph Iwaniez, are booked directly on the Blockchain via a multi-signature wallet, allowing customers to be fully in control of their wallets at all times.
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https://finance.yahoo.com/news/bitcoin-bank-accounts-now-available-184131158.html
Bitwala seems to have started a good project, especially as accounts are multi-signatures, allowing users the opportunity to control their coins.
Also, you will get a free debit Mastercard for free withdrawals.
Perhaps it is a good option for those who are considering integrating their banking and cryptos activities, what do you think?
That is adoption and that is what we really want. Thant you for sharing this news with us and I just feel like be a German at the moment. Bitwala will succeed in this and one thing that l like in this Idea is bringing bitcoin into our financial system and used it to resolve or solve some financial problem we are facing through the Fiat. In a long run we would start to have cryptocurrency governments approved bank. We are getting there just like the era of the internet as one bank and governments adopt we began to see others also adopting.