{"id":1722,"date":"2018-03-02T08:59:49","date_gmt":"2018-03-02T08:59:49","guid":{"rendered":"https:\/\/atozcrypto.org\/?p=1722"},"modified":"2018-03-02T09:02:18","modified_gmt":"2018-03-02T09:02:18","slug":"germany-blockchain-service-bitwala-introduces-crypto-first-banking","status":"publish","type":"post","link":"https:\/\/atozcrypto.org\/germany-blockchain-service-bitwala-introduces-crypto-first-banking\/","title":{"rendered":"Germany: Blockchain Service Bitwala Introduces \u2018Crypto-First\u2019 Banking"},"content":{"rendered":"<div class=\"post-full-text contents\">\n<div class=\"role\">By\u00a0Markus Kasanmascheff<\/div>\n<p dir=\"ltr\">The German Blockchain-based payment service provider\u00a0<a href=\"https:\/\/www.bitwala.com\/\" target=\"_blank\" rel=\"nofollow,noopener\">Bitwala<\/a>\u00a0announced that it is launching a new \u201ccrypto-first\u201d banking service\u00a0complete with accounts, international bank account numbers (IBAN), SWIFT codes, and corresponding\u00a0MasterCard\u00a0debit cards,\u00a0Cointelegraph Deutsch\u00a0reported Tuesday, Feb. 27.<\/p>\n<p dir=\"ltr\">An application process is currently underway with the German Federal Financial Supervisory Authority (BaFin) to approve the project. The payment service provider highlights that German deposit insurance will protect customer funds for amounts up to 100,000 euro.<\/p>\n<p dir=\"ltr\">The service labelled \u201cblockchain banking\u201d will offer Bitwalas\u2019 customers a comprehensive package for trading and paying with\u00a0<a href=\"https:\/\/atozcrypto.org\/bitcoin\/\" target=\"_blank\" rel=\"noopener\">Bitcoin<\/a>\u00a0and other cryptocurrencies. With the integration of bank accounts, the service will also enable normal bank transfers and the use of credit cards.<\/p>\n<p dir=\"ltr\">This is Bitwala\u2019s second attempt to offer debit cards for cryptocurrencies. Previous plans were thwarted when\u00a0Visa\u00a0ceased operations\u00a0with the debit card provider Wavecrest. Almost all providers of crypto cards have suffered from some kind of restrictions by major credit card corporations.<\/p>\n<p dir=\"ltr\">The Swiss startup Volines was forced to\u00a0completely close\u00a0its business as a result of major card providers refusing to cooperate.<\/p>\n<div id=\"quiz\">\u00a0Source:\u00a0cointelegraph<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>By\u00a0Markus Kasanmascheff The German Blockchain-based payment service provider\u00a0Bitwala\u00a0announced that it is launching a new \u201ccrypto-first\u201d banking service\u00a0complete with accounts, international bank account numbers (IBAN), SWIFT codes, and corresponding\u00a0MasterCard\u00a0debit cards,\u00a0Cointelegraph Deutsch\u00a0reported Tuesday, Feb. 27. An application process is currently underway with the German Federal Financial Supervisory Authority (BaFin) to approve the project. The payment service provider &hellip;<\/p>\n","protected":false},"author":1,"featured_media":1723,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"pgc_meta":"","_bbp_topic_count":0,"_bbp_reply_count":0,"_bbp_total_topic_count":0,"_bbp_total_reply_count":0,"_bbp_voice_count":0,"_bbp_anonymous_reply_count":0,"_bbp_topic_count_hidden":0,"_bbp_reply_count_hidden":0,"_bbp_forum_subforum_count":0,"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[19,1,20],"tags":[],"aioseo_notices":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Germany: Blockchain Service Bitwala Introduces \u2018Crypto-First\u2019 Banking - AtoZcrypto<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/atozcrypto.org\/germany-blockchain-service-bitwala-introduces-crypto-first-banking\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Germany: Blockchain Service Bitwala Introduces \u2018Crypto-First\u2019 Banking - AtoZcrypto\" \/>\n<meta property=\"og:description\" content=\"By\u00a0Markus Kasanmascheff The German Blockchain-based payment service provider\u00a0Bitwala\u00a0announced that it is launching a new \u201ccrypto-first\u201d banking service\u00a0complete with accounts, international bank account numbers (IBAN), SWIFT codes, and corresponding\u00a0MasterCard\u00a0debit cards,\u00a0Cointelegraph Deutsch\u00a0reported Tuesday, Feb. 27. An application process is currently underway with the German Federal Financial Supervisory Authority (BaFin) to approve the project. 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