Germany: Blockchain Service Bitwala Introduces ‘Crypto-First’ Banking298.77

The German Blockchain-based payment service provider Bitwala announced that it is launching a new "Crypto-first" banking service for German customers, complete with accounts, international bank account numbers, SWIFT codes, and corresponding MasterCard debit cards, Cointelegraph Deutsch reported Tuesday, Feb. 27.An application process is currently underway with the German Federal Financial Supervisory Authority to approve the project. The payment service provider highlights that German deposit insurance will protect customer funds for amounts up to 100,000 euro. The service labelled "Blockchain banking" will offer Bitwalas' customers a comprehensive package for trading and paying with Bitcoin and other cryptocurrencies. With the integration of bank accounts, the service will also enable normal bank transfers and the use of credit cards.
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