German-founded blockchain banking service Bitwala has raised €4 million in funding from the venture capital firms Earlybird and Coparion.
Bitwala is a crypto-friendly banking startup that offers its clients bitcoin debit cards, operates a bitcoin wallet service, and facilitates money transfers with SEPA and SWIFT by exchanging cryptocurrencies to more than 20 fiat currencies in more than 200 countries.
Currently, the company is working towards launching a new product that it promises to unveil in November.
“I’m very proud that with our new product we will close the gap between crypto and traditional banking and solve one of the biggest hurdles on the road to mainstream adoption,” said Jörg von Minckwitz, president of Bitwala.
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