According to fintechfutures.com, the German digital bank N26 has teamed with Bitpanda to offer bitcoin trading services to its European customers.
N26 will fuel its in-app N26 Crypto service with Bitpanda’s white-label solution, an API-driven infrastructure that enables banks and fintechs to access 24/7 trading via Bitpanda’s platform.
The agreement would allow qualified N26 consumers to purchase and trade around 200 cryptocurrencies, based on their budget and risk tolerance. The solution will be “gradually” rolled out to N26 consumers in Austria over the following six months, before being made available in additional regions.
While cryptocurrencies have experienced a decrease in value over the last year, they continue to be a sought-after and intriguing asset class for investors and a growing element of the financial system, according to N26 co-founder and co-CEO Valentin Stalf.
“Cryptocurrency trading is frequently the entrance point to investing for a new generation of individuals seeking to increase their wealth,”
N26 is the latest company to deploy Bitpanda’s white-label solution, following in the footsteps of the French payments app Lydia, the British fintech Plum, and the Italian open banking provider Fabrick.
Source Link German rival N26 collaborates with Bitpanda to offer cryptocurrency trading services
