Bitwala Raises €800k from Germany’s Largest VC Firm, Barry Silbert

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Traditional banking is no longer making the cut for global payments. International wire transfer options offered today are slow, expensive and complicated for everyday customers.

As a solution, Bitwala offers the fastest option for international money transfers at a fraction of the cost. Blockchain technology-based Bitwala reinvents the conventional banking system, all without the need of having a bank account.

Along with the Bitwala Debit Card, the company simplifies and improves how people do financing in their everyday lives. Bitwala offers the best bitcoin exchange rates, same-day transfers and with 0.

The team bootstrapped and self-funded many internationally successful bitcoin ventures such as All4btcGold4btc or E4btc. The investment will be mainly used for developing the Bitwala app and expanding globally. With the company still in its early stage, our focus has not been to gain the most capital but more towards building and maintaining strong and lasting partnerships. HTGF has invested in over startups across the country with Bitwala being the latest addition to its portfolio.

Using the blockchain as infrastructure to transact local currency provides an easy, secure and cost-efficient technology for underserved customers that have a real pain point. The strategic investor actively supports development teams and applications to build new use cases to enable global value transfers over the Internet using Bitcoin and Blockchain technology.

For more information on Bitwala and features offered by the company, visit https: About Bitwala Based in Berlin, Bitwala is the smartest way to send money internationally easily, cheap and fast. Launched in early, the German company has surpassed 2 Million Euros in transaction volume and has collected over customers across Africa, Asia and Europe. Bitwala is offering 11 different currenciesa bitcoin debit card and business accounts for users with and without bank accounts.

Learn more at dcg. The seed financing provided is designed to enable start-ups to take an idea through prototyping and to market launch. You seem to be using an outdated version of Internet Explorer. You may experience design inconsistencies and error messages. We are sorry for any inconveniences.

Bitwala is offering 11 different currenciesa bitcoin debit card and business accounts for users with and without bank accounts Contact:

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Bitwala is a global blockchain -based payment service provider headquartered in Berlin, Germany. Jones in October According to Wired, [1] in contrast to other money transfer services like Western Union, Money Gram and Transferwise, the German startup utilises digital currency to offer a much faster and cheaper solution.

Von Minckwitz, Goslicki and Jones are long time co-partners, having founded other blockchain businesses before Bitwala such as All4btc.

We want to empower people to exchange value like they exchange ideas. Bitwala offers two options: Bitwala offers international money transfers in 20 local currencies to over countries. By issuing bitcoin invoices, customers pay the invoice using Bitcoin or any alternative cryptocurrencies and Bitwala converts these funds and issues a bank transfer on behalf of its customers.

In October , Bitwala announced its support for 9 new local currencies, making money transfers using Bitcoin to Australia, Brazil, China, Japan, Malaysia, Mexico, the Philippines, South Korea, and Vietnam possible and received in the respective local currency. Bitwala introduced EmailPay in , [11] a feature which allows its customers to send money using Bitcoin to any email without needing to know the receiving bank account details. In December , Bitwala introduced their Bitcoin debit card.

The Bitcoin debit cards are issued by Wave Crest Holdings Limited pursuant to a license from Visa Europe and supports over 40 crypto currencies.

The bitcoin wallet features multi-signature technology along with Two-Factor, enabling transactions to be signed on its customers devices. With multi-signature wallets, customers absolute access and control over funds in wallet. In October Bitwala has created a virtual assistant called Lola that helps people go around Bitcoin. Lolabot is using technologies like artificial intelligence and natural language processing as well as voice recognition.

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