TLDR
- Bitpanda is expanding its partnership with Deutsche Bank to integrate transactional accounts and provide real-time payment solutions for users in Germany.
- Deutsche Bank will provide Bitpanda with access to German IBANs, streamlining the user experience and ensuring confidence, speed, and efficiency.
- Bitpanda users in Germany can now make real-time inbound and outbound payments using German IBANs, with transactions going through Deutsche Bank.
- The partnership represents a significant step for the digital assets industry, showcasing the maturity, security, and compliance of players like Bitpanda.
- Cooperation with traditional financial services providers is a strategic goal for Bitpanda in 2024, as they believe such integration will shape the future of the financial services industry.
Bitpanda, a leading European digital asset trading platform, has announced an expansion of its partnership with Deutsche Bank, one of the world’s largest financial institutions.
This collaboration will allow Bitpanda to integrate transactional accounts into its B2C broker platform, providing users in Germany with a seamless and secure experience when depositing or withdrawing fiat currency.
As part of the partnership, Deutsche Bank will offer real-time payment solutions for both incoming and outgoing transactions made by Bitpanda customers.
This means that when users deposit or withdraw fiat from their Bitpanda accounts, the transactions will be processed through Deutsche Bank.
Additionally, Deutsche Bank will provide Bitpanda with local International Bank Account Numbers (IBANs) in Germany, further streamlining the user experience.
The integration of Deutsche Bank’s API-based account solution will grant Bitpanda access to German IBANs, ensuring confidence, speed, and efficiency for its users.
This partnership represents a significant milestone for the digital assets industry, as it is the first time a Tier 1 bank has collaborated with a crypto company to deliver an integration of this product density and footprint.
Bitpanda, a regulated multi-asset broker platform, offers more than 2,800 selected virtual assets, indices, stocks, ETFs, and commodities to retail investors.
The company believes that cooperation with traditional financial services providers is crucial for shaping the future of the financial services industry and has made it a strategic goal throughout 2024.
Lukas Enzersdorfer-Konrad, Deputy CEO of Bitpanda, emphasized the importance of bringing together the best parts of the industry to create real value for people.
He stated,
“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.”
Kilian Thalhammer, Global Head of Merchant Solutions at Deutsche Bank, expressed confidence in partnering with Bitpanda, a recognized and regulated fintech provider, to build a secure and trusted environment for users in the innovative field of virtual asset investing.
He added that the partnership represents a key milestone in Deutsche Bank’s strategy to be the bank of choice for high-potential platforms, actively engaging with leading industry players to shape the emerging ecosystem.
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