Bitwala was once one of the most innovative startups in the German-speaking Bitcoin scene. Was. because Bitwala had to stop its simple and brilliant service – pay bills in Bitcoin – under pressure from the politicians. But Bitwala is just Bitwala and innovative and Bitwala came onto the market a few weeks ago with an ingenious solution: a combination of Bitcoin and bank account, plus a German IBAN account number and a free Mastercard.
What is the Bitwala account suitable for?
With the Bitwala account, anyone can easily buy and sell digital currencies like Bitcoin and Ethereum. The account is also particularly suitable for people who like to travel a lot. There are no fees worldwide for payments in foreign currencies and Bitwala does not charge any fees for withdrawing cash worldwide.
How can Bitwala offer all of this?
Bitwala does not have a banking license itself and works with the German Solaris Bank, which acts as a service platform for many startups, e.g. Kontist & Tomorrow serves. That’s why you get a German DE-IBAN and it is no problem to process direct debits via the account.