German Blockchain-based payment service provider Bitwala presented the launch of a new "crypto-first" banking service for German customers with accounts of international bank account numbers (IBAN), SWIFT codes and the corresponding MasterCard.
Nowadays, there is a process of applying to the Federal Financial Supervisory Authority of Germany (BaFin) for the approval of this project. The payment service provider notes that the German deposit insurance will protect customers' funds up to EUR 100,000.
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