Bitcoin at banks: Raiffeisenlandesbank to supply crypto funding companies

Raiffeisenlandesbank Niederösterreich-Wien (RLB NÖ-Wien), an Austrian cooperative banking firm based in 1900, is making ready to launch crypto funding companies in collaboration with the Austrian crypto agency Bitpanda.

Based on a joint announcement on April 26, RLB NÖ-Wien plans to offer its clients with a broad vary of cryptocurrencies by Bitpanda’s Software program as a service (SaaS) providing. Crypto funding might be featured alongside funding companies for shares, exchange-traded funds, treasured metals and commodities.

“The cope with Bitpanda goals to develop our product vary with an revolutionary, safe side and allow all clients to simply accumulate wealth,” RLB NÖ-Wien CEO Michael Höllerer mentioned.

Part of the most important Austrian banking group, Raiffeisen Financial institution Worldwide, is transferring into cryptocurrency funding with a brand new deliberate providing.

The brand new provide goals to permit RLB NÖ-Wien clients to spend money on varied property whatever the quantity of obtainable capital, enabling investments from as little as one euro.

Bitpanda Deputy CEO Lukas Enzersdorfer-Konrad informed Cointelegraph that RLB NÖ-Wien desires to make the brand new buying and selling possibility obtainable to all buyer segments, together with retail, personal banking and company clients of RLB NÖ-Wien. He additionally mentioned that each RLB NÖ-Wien and Bitpanda are dedicated to creating crypto buying and selling obtainable as quickly as attainable, including:

“Because of the best way now we have constructed Bitpanda Expertise Options we’re capable of combine our infrastructure shortly and safely, and plan to make buying and selling obtainable by the top of the yr.”

Enzersdorfer-Konrad additionally famous that RLB NÖ-Wien’s upcoming new providing will function the total vary of Bitpanda’s digital asset providing, which incorporates over 2,500 property, together with Bitcoin (BTC) and Ether (ETH).

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RLB NÖ-Wien is part of the Austrian Raiffeisen Bankengruppe grouping of impartial cooperative banks, owning a 22.6% stake in Raiffeisen Financial institution Worldwide (RBI).

As beforehand reported, RBI has been experimenting with digital forex growth. In 2020, the worldwide Raiffeisen financial institution was building a platform for the national currency tokenization utilizing blockchain expertise. The financial institution can also be identified for participating in trade finance pilots involving R3’s Marco Polo blockchain community.

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