German fintech company Bitwala is going to launch a banking platform that manages both euro deposits and bitcoin funds. This will be tied together in one account. The blockchain system will launch in November as a trial version for 30 thousand customers who have already signed up for the service.
Bitwala was funded in 2015 as a financial services company. It wants to smoothen the transition between cryptocurrencies and the regular fiat financial system. The crypto-fiat service will provide consumers with regular banking benefits like debit and credit transactions, recurring payments and a debit card.
While using the Bitwala system consumers can also use their crypto for settlement purposes, like paying rent or receive salary payments. Also, digital assets can be traded directly from their account.