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Germany-based crypto payments startup Bitwala is now offering crypto banking services in the country.
Claiming the launch is Europe’s first such banking solution, the firm announced Wednesday the service becomes available via a partnership with local fintech firm SolarisBank that has a banking license and thus is fully regulated.
Users can now manage both bitcoin and euro deposits in one place with the “safety and convenience” of the German bank account, Bitwala said. Accounts and debit cards are free, though it charges a one-percent transaction fee for trading bitcoin.