Fintech unicorn Bitpanda is expanding its partnership with Deutsche Bank to launch real-time payments for users of its digital asset platform in Germany.
The deal enables Bitpanda to provide local IBANs for users in Germany, streamlining incoming and outgoing transactions in the field of virtual asset investing.
The move comes as Bitpanda continues to strengthen its position as a leading digital-asset trading platform in Europe. Deutsche Bank already supports the operational needs of the company as its European Hausbank for cross-currency solutions in Austria and Spain.
Lukas Enzersdorfer-Konrad, Deputy CEO of Bitpanda, said: “Bringing the best parts of the industry together is where we can create real value for people. Deutsche Bank’s commitment to working with new and innovative players in the financial industry continues to make our partnership possible. From today, we can access a range of Deutsche Bank’s products, unlocking benefits for our team and our users.”
Kilian Thalhammer, Global Head of Merchant Solutions, Deutsche Bank, added: “With Bitpanda, a recognised and regulated fintech provider, we are confident to help build a secure and trusted environment for users in this innovative field of virtual asset investing.”
Bitpanda is a regulated multi-asset broker platform offering more than 2,800 selected virtual assets and indices as well as stocks, ETFs and commodities to retail investors. Deutsche Bank represents another major institutional partnership for the firm who also recently expanded its digital assets infrastructure to the UAE.
Announcing the launch of its Dubai office, it said it had chosen the UAE for its first expansion outside of Europe due to its tech-friendly banking industry, rapid retail adoption, and the country’s innovative regulatory environment.
