Bitwala launches bitcoin banking application in 30 countries

The service is available for users from 30 European countries.
The current accounts are hosted by Berlin-based solarisBank.

Tanya Abrosimova Independent Analyst

The German blockchain startup Bitwala has launched a banking application with an integrated Bitcoin wallet. Об этом сообщается на сайте компании.

Currently, the app is available for iOS and Android devices. The residents of 30 European countries can open an account with a German bank within a few minutes via video identification function. Users can also obtain a Mastercard debit card and deposit funds in the amount of up to 100,000 euro.

A key feature of the application is an integrated Bitcoin wallet. According to Bitwala representatives, it can be used for everyday expenses. For example, users can buy BTC using funds directly from their bank account, and then send them to friends and relatives, while retaining control of private keys.

"The current accounts are hosted by solarisBank, the Berlin-based tech platform with a German banking license, and are supervised by the Federal Financial Supervisory Authority (BaFin),” a official statement says.

In December 2018, Bitwala officially launched its updated cryptocurrency service, offering users a single bank account both for Bitcoin (BTC) and fiat currencies. The partnership with solarisBank will allow the platform users trading Bitcoin directly from their accounts.

Notably, the last month, the startup Bitwala raised 13 million euro, from large investors including Japanese Sony corporation.

Author

Tanya Abrosimova

Independent Analyst

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

Editor's Picks

Crypto market outlook for 2026

Year 2025 was volatile, as crypto often is. Among positive catalysts were favourable regulatory changes in the U.S., rise of Digital Asset Treasuries (DAT), adoption of AI and tokenization of Real-World-Assets (RWA).

Sberbank issues Russia's first corporate loan backed by Bitcoin

Russia's largest bank Sberbank launched the country's first Bitcoin-backed corporate loan to miner Intelion Data. The pilot deal uses cryptocurrency as collateral through Sberbank's proprietary Rutoken custody solution.

Bitcoin recovers to $87,000 as retail optimism offsets steady ETF outflows

Bitcoin (BTC) trades above $88,000 at press time on Tuesday, following a rejection at $90,000 the previous day. Institutional support remains mixed amid steady outflow from US spot BTC Exchange Traded Funds (ETFs) and Strategy Inc.’s acquisition of 1,229 BTC last week.