Sony Financial Ventures participates in Bitwala’s Seriece A investment round. The platform aims to expand its business and add functionality to the platform. The Japanese corporation Sony and an investment company NKB GROUP led a Series A financing round of the bitcoin banking platform Bitwala. The companies jointly invested 13 million euro (about $14.5 million) in the platform. This financing round marks the largest investment in Germany-based cryptocurrency, according to Bitwala’s statement. Early investors in the platform – Earlybird and Coparion – were among other participants of the financing round. The company says that the raised funds will be used to expand the user base and increase staff, as well as to launch corporate Bitcoin accounts. In December 2018, Bitwala officially launched its updated cryptocurrency service, offering users a single bank account both for Bitcoin (BTC) and fiat currencies. The partnership with solarisBank will allow the platform users trading Bitcoin directly from their accounts. “Here at Bitwala, we are hard-at-work promoting the adoption of bitcoin, with simplicity and accessibility being our main focus. The Bitwala account, being the world’s first to combine bitcoin and banking, solves just that for thousands of people across Europe, and we’re only just getting started,” the company states. Currently, the platform is available of the residents of all 31 countries of the European Economic Area. In 2019, the volume of bitcoin exchange transactions amounted to 11 million euros. Earlier, Bitwala announced the business restructuring, because its bank accounts were closed, while services related to the issuance and servicing of prepaid cards were suspended. Before that, the company received a venture capital investment of 800 000 euros to develop the payment system, expand the team, and build the customer base. Despite the dire conditions, Bitwala received $4 million in the course of the next round of investment in September 2018. 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 Chinese MOFCOM Spokesman: China hopes US implements its commitments FX Street 4 years Sony Financial Ventures participates in Bitwala's Seriece A investment round. The platform aims to expand its business and add functionality to the platform. The Japanese corporation Sony and an investment company NKB GROUP led a Series A financing round of the bitcoin banking platform Bitwala. The companies jointly invested 13 million euro (about $14.5 million) in the platform. This financing round marks the largest investment in Germany-based cryptocurrency, according to Bitwala's statement. Early investors in the platform - Earlybird and Coparion - were among other participants of the financing round. The company says that the raised funds will be used… Regulated 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.