A groundbreaking partnership between Bitpanda and Deutsche Bank is set to revolutionize crypto transactions in Germany. German traders on Bitpanda can now enjoy real-time inbound and outbound payments, thanks to the integration of Deutsche Bank’s application programming interface (API)-based account solution. This collaboration enhances transaction efficiency and ensures robust liquidity for Bitpanda users across the region.
With access to German International Bank Account Numbers (IBANs), Bitpanda users will benefit from improved security and efficiency in fund transfers. This integration allows users to receive German IBANs for deposits and withdrawals, streamlining the process. Furthermore, all fiat deposits and withdrawal requests on Bitpanda will undergo real-time settlements through Deutsche Bank, offering seamless transactions.
Lukas Enzersdorfer-Konrad, Deputy CEO of Bitpanda, emphasized the significance of bank partnerships in making crypto accessible to the masses. He highlighted Bitpanda’s commitment to trust, compliance, and security, which has paved the way for such collaborations. Additionally, Deutsche Bank will provide safeguarding accounts and payment solutions, contributing to enhanced liquidity and streamlined operations on Bitpanda.
The partnership underscores banks’ evolving role in crypto adoption, driven by regulatory clarity provided by frameworks like the Markets in Crypto-Assets Regulation (MiCA). As European banks embrace crypto as an asset class, partnerships with crypto service providers like Bitpanda become pivotal in offering comprehensive crypto solutions to users.
