Bitpanda, a popular crypto trading platform, has partnered with Deutsche Bank to enable real-time inbound and outbound payments for German crypto traders. This collaboration aims to enhance transaction efficiency and security while providing robust liquidity for Bitpanda’s users in Germany. Through this partnership, Bitpanda will have access to Deutsche Bank’s application programming interface (API)-based account solution, which grants them access to German International Bank Account Numbers (IBANs). IBANs are internationally recognized codes that facilitate safe processing of international transfers. By utilizing this service, Bitpanda aims to improve the efficiency and security of fund transfers. Additionally, Bitpanda users in the region will receive a German IBAN for deposits and withdrawals, along with other benefits. As a result, all fiat deposits and withdrawal requests on Bitpanda will be settled in real-time through Deutsche Bank. Lukas Enzersdorfer-Konrad, Deputy CEO of Bitpanda, emphasized the importance of banks in making crypto accessible to the masses and highlighted the platform’s previous collaborations with major financial institutions to promote crypto adoption. Enzersdorfer-Konrad believes that crypto-bank partnerships ultimately benefit the end-user. The regulatory clarity provided by the Markets in Crypto-Assets Regulation (MiCA) framework has encouraged Europe’s largest banks to develop crypto solutions. However, Enzersdorfer-Konrad also noted that banks often lack the technical expertise and infrastructure required for crypto services, which is why they collaborate with providers like Bitpanda. Overall, this partnership between Bitpanda and Deutsche Bank is expected to streamline treasury operations, improve liquidity, and provide a seamless banking experience for German crypto traders.
Deutsche Bank and Bitpanda unite to enable instantaneous cryptocurrency transactions