Bitpanda Partners with Major European Banks and Fintech Platforms
Vienna-based cryptocurrency exchange Bitpanda has announced its partnership with several major European banks and fintech platforms. The exchange’s crypto connectivity is already in place with a number of institutions, including Austrian traditional lender Raiffeisenlandesbank, European mobile bank N26, French money app Lydia, U.K. fintech Plum, and the Italian mobile bank Hype.
Bitpanda’s partnership with these institutions will allow users to seamlessly transfer funds between their bank accounts and Bitpanda wallets. This move is expected to make it easier for individuals to invest in cryptocurrencies, as it eliminates the need for separate accounts and transfers.
According to Bitpanda CEO Eric Demuth, the partnership is a significant step towards mainstream adoption of cryptocurrencies. “We are thrilled to be partnering with these major institutions to bring the benefits of cryptocurrencies to more people across Europe,” he said.
The move comes as more traditional financial institutions are beginning to embrace cryptocurrencies. In recent years, major banks such as JPMorgan and Goldman Sachs have launched their own cryptocurrency products, while others have invested in blockchain technology.
Bitpanda’s partnership with these institutions is expected to further drive adoption of cryptocurrencies among mainstream users. With the ease of use and convenience offered by these partnerships, it is likely that more individuals will begin to invest in cryptocurrencies in the coming years.