Bitpanda has announced an expansion of its partnership with Deutsche Bank, aimed at providing real-time payment solutions for users in Germany.
API-Based Account Solution
The collaboration will enable seamless incoming and outgoing transactions through an API-based account solution, granting Bitpanda access to German IBANs. This move is part of Bitpanda’s efforts to enhance user experience and solidify its position in Europe as a digital-asset trading platform.
Lukas Enzersdorfer-Konrad, Deputy CEO of Bitpanda, commented: “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.”
Meanwhile, Bayern Munich has partnered with Bitpanda, designating them as the new platinum partner and official crypto trading sponsor, as reported by Finance Magnates.
The collaboration was announced at Bayern’s home ground, the Allianz Arena, during their match against TSG Hoffenheim on January 12 this year. Bitpanda will have extensive visibility at all home matches throughout this multi-year partnership.
???? Crypto exchange @Bitpanda announced a partnership with Germany's largest bank, @DeuBa_Services, to enable the crypto trading platform to access its international bank account number (IBAN). ➡️ BitPanda users in the region will be able to use IBAN deposit and withdrawal… pic.twitter.com/FRp3n5kY3t
— Psquare Daily (@pSquare_Daily) June 4, 2024
Partnership for Seamless Transactions
Deutsche Bank, already serving as Bitpanda’s European Hausbank for cross-currency solutions in Austria and Spain, further strengthens the relationship between the two institutions.
The regulated multi-asset broker platform, Bitpanda, offers a diverse range of over 2,800 virtual assets, indices, stocks, ETFs, and commodities to retail investors.
Kilian Thalhammer, Global Head of Merchant Solutions, Deutsche Bank, added: “We are always looking to partner with companies who share our commitment to user safety and security. 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."
"With our strategy to be the bank of choice for the high-potential platforms, the partnership with Bitpanda represents a key milestone as we shape this emerging ecosystem through active engagement with leading industry players.”
This article was written by Tareq Sikder at www.financemagnates.com.
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