TLDR
- Bitpanda expands partnership with Deutsche Bank to provide real-time payment solutions for users in Germany
- The API-based account solution will provide Bitpanda with access to German IBANs, enhancing user experience
- Bitpanda aims to provide a tailored local solution and strengthen its position as Europe’s leading digital-asset trading platform
- Cooperation with traditional financial services providers is a strategic goal for Bitpanda in 2024
- Deutsche Bank partners with Bitpanda to help build a secure and trusted environment for users in the innovative field of virtual asset investing
Bitpanda, a Vienna-based fintech unicorn, has announced the expansion of its partnership with Deutsche Bank to provide real-time payment solutions for its customers in Germany.
The collaboration will enable Bitpanda to offer both incoming and outgoing transactions for German users, streamlining and enhancing their experience on the platform.
The API-based account solution provided by Deutsche Bank will grant Bitpanda access to German IBANs, ensuring confidence, speed, and efficiency for its users.
This development is part of Bitpanda’s ongoing efforts to provide a tailored local solution and further strengthen its position as the leading digital-asset trading platform in Europe.
Bitpanda, founded in 2014, has quickly become one of Europe’s leading crypto brokers, offering a wide selection of over 2,800 digital assets, including more than 400 crypto assets, as well as numerous stocks, ETFs, precious metals, and commodities.
The platform has gained the trust of over 4 million users and dozens of institutional partners, thanks to its strict adherence to regulatory compliance and its commitment to keeping assets safe and secure.
Wichtiger Meilenstein! Bitpanda erweitert seine Partnerschaft mit der @DeutscheBank. Gemeinsam bieten wir Echtzeit-Zahlungsdienste und lokale IBAN-Nummern für unsere Nutzer in Deutschland. Dies ist ein Meilenstein für die Branche!
Erfahre mehr in unserem Blog:… pic.twitter.com/vLZYmxBkHN
— Bitpanda (@Bitpanda) June 4, 2024
The partnership between Bitpanda and Deutsche Bank is not new; the German banking giant already supports Bitpanda’s operational needs as its European Hausbank for cross-currency solutions in Austria and Spain.
However, this latest expansion marks a significant milestone in Bitpanda’s growth strategy, as it seeks to integrate with traditional financial services providers to shape the future of the industry.
Lukas Enzersdorfer-Konrad, Deputy CEO of Bitpanda, emphasized the importance of bringing together the best parts of the industry to create real value for people.
He praised Deutsche Bank’s commitment to working with innovative players in the financial industry, which has made the partnership possible. With access to a range of Deutsche Bank’s products, Bitpanda can unlock benefits for both its team and its users.
Kilian Thalhammer, Global Head of Merchant Solutions at Deutsche Bank, expressed the bank’s commitment to partnering with companies that share its dedication to user safety and security.
He noted that Bitpanda, as a recognized and regulated fintech provider, is well-positioned to help build a secure and trusted environment for users in the innovative field of virtual asset investing.
Thalhammer also highlighted the partnership as a key milestone in Deutsche Bank’s strategy to be the bank of choice for high-potential platforms, as it actively engages with leading industry players to shape the emerging ecosystem.
As Bitpanda continues to expand its reach and services, collaborations with established financial institutions like Deutsche Bank will play a crucial role in its growth and success.
By combining the strengths of traditional banking with the innovation and flexibility of fintech, Bitpanda aims to provide its users with a seamless, secure, and efficient trading experience, further solidifying its position as a leader in the digital asset space.
