back Back

Bitpanda announces partnership with Raiffeisen Bank International

By Megha Bhattacharya

October 22, 2020

  • Bitpanda
  • Raiffeisen Bank International
  • Vienna
Share

Investment platform, Bitpanda today announced a partnership with Raiffeisen Bank International  (RBI) in a bid to implement its blockchain-interoperability project Pantos on the RBI Coin. RBI Coin is a next-generation digital cash solution for inter-bank and inter-company payments to streamline cash and liquidity management and introduce new banking products to corporate and institutional customers.

Bitpanda’s Pantos is a European blockchain interoperability project developed in collaboration of the Technical University of Vienna.

Paul Klanschek, Co-Founder and CEO of Bitpanda said, “We see a lot of competing protocols, not only from the cryptocurrency space but also from tech-companies, banks and governments. The question of how to unite all those protocols still remains unanswered. The Pantos project aims to offer a unifying solution for the fragmented blockchain and cryptocurrency space. After a purely research and Proof-of-Concept-focussed mode we are now extremely excited to enter a partnership with RBI to bring our technology to their RBI Coin.”

The collaboration will enable the Bank to become a part of Pantos Ecosystem using technology that allows the establishment of interoperability between different blockchain ecosystems and use cases.

Christian Wolf, Head of Strategic Partnerships & Ecosystems, said, “The Pantos technology plays an integral role in making the tokenisation of assets a reality within our banking group by bringing in the interoperability aspect thus allowing for even more extensive and flexible use cases for banking customers.”

Recently, Bitpanda announced that it has closed a Series A funding round by securing around €44.5 million in a round led by Peter Thiel’s Valar Ventures. The new funding will be used to drive the company’s expansion and strengthen its position in the European financial industry.

Previous Article

October 22, 2020

Temenos rolls out new data platform for core banking

Read More
Next Article

October 22, 2020

FinIQ-IBS Intelligence explore financial products distribution

Read More






IBSi Daily News Analysis

May 28, 2024

Bitpanda

Latin America becomes a hotbed for FinTech unicorns and tech innovation

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

ABN AMRO acquires German private bank Hauck Aufhäuser Lampe

Read More

Today

Axis Bank & Mastercard launch NFC Soundbox to fuel card payment acceptance

Read More

May 29, 2024

5 Major FinTech Acquisitions announced in Europe in May 2024

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q1 2024
Global Digital Banking Vendor & Landscape Report Q1 2024
Know More
Wealth Management & Private Banking Systems Report Q1 2024
Wealth Management & Private Banking Systems Report Q1 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023