Residents of Europe can use a mobile application to open accounts. The app also facilitates trading in Bitcoin. Bitwala, a blockchain firm based in Germany, launched a new app that will allow users to open a German bank account with an integrated Bitcoin wallet, via their smartphones. Bitwala that via the app “customers in all 31 countries of the European Economic Area can access the benefits of a German bank account” with the ability to buy and sell Bitcoin. A 1% fee is charged on trading by the firm. However, their accounts and debit cards are free. The company also reported that lost cards could be canceled directly on the app. Benjamin Jones, co-founder, and chief technical officer of Bitwala, says: “Our developers have been working hard for months to provide our users with the best app experience possible. We are particularly proud to have reduced the onboarding time for new customers. Onboarding is now directly integrated into the app. Once you have an account, you can seamlessly integrate your daily banking activities – whether in bitcoin or Euro – into your everyday life.” Bitwala’s accounts are hosted by Berlin-based fintech company solarisBank which has a German banking license and is supervised by the Federal Financial Supervisory Authority (BaFin). Christoph Iwaniez, the chief financial officer at Bitwala, said that the app is emphasizing security. “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. Therefore, we are the safest way to buy, sell, and store bitcoin – now even on your smartphone.” EEA countries where Bitwala customers can launch Bitcoin banking are Austria, Belgium, Bulgaria, Croatia, Republic of Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, and the United Kingdom. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next Asia PMIs: Staying in the doldrums – TD Securities FX Street 2 years Residents of Europe can use a mobile application to open accounts. The app also facilitates trading in Bitcoin. Bitwala, a blockchain firm based in Germany, launched a new app that will allow users to open a German bank account with an integrated Bitcoin wallet, via their smartphones. Bitwala that via the app "customers in all 31 countries of the European Economic Area can access the benefits of a German bank account" with the ability to buy and sell Bitcoin. A 1% fee is charged on trading by… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk.2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk.3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk.4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk.5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.