Crypto Adoption Continues: Bitcoin Bank Accounts Launched In 31 European Countries

Mainstream crypto and blockchain adoption has probably been the most important goal that the crypto community had set for this year.

There have been a lot of achievements made in the crypto space, which are making sure that this considerable goal can become a reality.

Mass crypto adoption in Europe

Crypto adoption is going better than never. Europe residents are now able to use their phones in order to open a German bank account which has an integrated Bitcoin wallet.

This is thanks to a new app that’s been created by the German blockchain company Bitwala.

Bitwala announced the launch during the past week, saying “customers in all 31 countries of the European Economic Area can access the benefits of a German bank account” with the ability to buy and sell BTC.

It’s important to note that Bitwala charges a 1% fee on trading but it offers their accounts and debit cards for free.

The company said that the lost cards could be canceled on the app.

Benjamin Jones, the co-founder, and chief technical officer of Bitwala, said the following:

“Our developers have been working hard for months to provide our users with the best app experience possible.”

Jones continued and said: “Onboarding is now directly integrated into the app. Once you have an account, you can seamlessly integrate your daily banking activities – whether in Bitcoin or Euro – into your everyday life.”

The safest way to buy, sell and store BTC on your phone

Christoph Iwaniez, the chief financial officer at Bitwala, also had something to say about this, according to reports coming from the Daily Hodl:

“With Bitwala your bitcoin are booked directly on the blockchain via a multi-signature wallet. (…) our customers are fully in control of their Bitcoin wallets at all times.”

He concluded by saying that they are the safest way to buy, sell, and store BTC and this can eventually happen on users’ smartphones.

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