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Bitwala launches Bitcoin banking app for smartphones

Benjamin Jones, Co-founder and CTO of Bitwala

Germany-based cryptocurrency flagship Bitwala has launched its new Bitcoin banking app for iOS and Android in a bid to enable mobile users to open a German bank account with an integrated bitcoin wallet and trading on their smartphone.

“Our developers have been working hard for months to provide our users with the best app experience possible. We are particularly proud, to have reduced the onboarding time for new customers. 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,” said Benjamin Jones, Co-founder and Chief Technical Officer of Bitwala.

According to the supplier, the mobile wallet includes a video identification process that is expected to verify residents in the European Economic Area with the availability of a valid national ID card/passport and Proof of Address. The wallet allows users to buy/sell bitcoin directly from their bank account and comprises of P2P functionalities for bitcoin transfers.

“With Bitwala your bitcoin are booked directly on the Blockchain via a multi-signature wallet. This is another way of saying that hacking Bitwala is as useless as breaking the Blockchain itself and that our customers are fully in control of their Bitcoin wallets at
all times. Therefore, we are the safest way to buy, sell, and store bitcoin – now even on your smartphone,” said Christoph Iwaniez, Chief Financial Officer at Bitwala.

Established in 2015, Bitwala is a cryptocurrency flagship with an aim to provide an all-in-one platform combining a regular bank account, a Bitcoin wallet, and bitcoin trading options. It charges a 1 percent fee for bitcoin trading.

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