Bitwala, a German blockchain-based startup has announced the launch of a smartphone app for iOS and Android. It will operate as an all-in-one platform for banking and bitcoin.
According to the press release published on August 29th, Bitwala characterizes itself as the cryptocurrency “flagship” for Germany. The new app will enable users to set up quick blockchain banking through video verification.
The app also allows the purchase, sale, and storage of bitcoin on smartphones, creating a one-stop-shop for both banking and crypto usage.
According to Chief Financial Officer at Bitwala, Christoph Iwaniez, the application is one of the most secured ways to use and store bitcoin.
With Bitwala your bitcoin are booked directly on the Blockchain via a multi-signature wallet. This is another way of saying that hacking Bitwala is as useless as breaking the Blockchain itself and that our customers are fully in control of their Bitcoin wallets at all times.
Bitwala is available to customers in 31 European countries. It comes with a free debit Mastercard that can be used for payments and money withdrawals at over 40 million locations worldwide without any fees.