Bitwala has announced that it is launching a new banking service with real debit cards. Blockchain-based payment service provider Bitwala announced on Monday that it is building an online bank account service, "Enabling a seamless transition between the crypto and fiat worlds." The account combines "All the features of traditional banking with the crypto economy," the company added, noting that "We aim to introduce the new Bitwala accounts to the world within the next few months." "We will be issuing a contactless debit card, enabling you to spend your funds instantly in shops, online and at any ATM," the company detailed, adding that customers' balances "Will be immediately available" on their Bitwala debit cards. "Our Bitwala Card issuer Wavecrest Holdings Ltd received direction from Visa Europe to immediately suspend all Bitwala cards effective immediately," the company wrote.