Banks Offering Bitcoin Investments – Raiffeisenlandesbank

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

An enormous step forwards for crypto adoption within the European Union: Raiffeisenlandesbank has chosen to accomplice with Bitpanda to look at providing digital belongings by way of Bitpanda Know-how Options. pic.twitter.com/mPB8O2uR9E

— Bitpanda (@Bitpanda_global) April 26, 2023

RLB NÖ-Wien plans to make use of Bitpanda’s software program as a service (SaaS) providing to offer its clients with a variety of cryptocurrencies alongside funding companies for shares, exchange-traded funds, treasured metals, and commodities. Michael Höllerer, CEO of RLB NÖ-Wien, acknowledged that the partnership with Bitpanda goals to develop the corporate’s product vary with an modern and safe facet, enabling all clients to build up wealth rapidly. 

Raiffeisen Financial institution Worldwide’s RLB NÖ-Wien to Present Crypto Funding Providers with Bitpanda

The transfer marks a brand new providing for Raiffeisen Financial institution Worldwide, a distinguished Austrian banking group. RLB NÖ-Wien has introduced a brand new provide in collaboration with Bitpanda, permitting clients to put money into numerous belongings with as little as one euro. 

The take care of Bitpanda goals to develop our product vary with an modern, safe side and allow all clients to simply accumulate wealth, RLB NÖ-Wien CEO Michael Höllerer.

This provide shall be obtainable to all buyer segments, together with retail, non-public banking, and company clients. The intention is to make crypto buying and selling obtainable as quickly as attainable, with plans to launch by the tip of the yr. The providing will characteristic the total vary of Bitpanda’s digital belongings, together with Bitcoin. 

Due to the best way we now have constructed Bitpanda Know-how Options we’re in a position to combine our infrastructure rapidly and safely, and plan to make buying and selling obtainable by the tip of the yr.

RLB NÖ-Wien is a part of the Austrian Raiffeisen Bankengruppe, which owns a 22.6% stake in Raiffeisen Financial institution Worldwide (RBI). RBI has been experimenting with digital foreign money improvement and is constructing a platform for nationwide foreign money tokenization utilizing blockchain expertise in 2020. The financial institution has additionally participated in commerce finance pilots involving R3’s Marco Polo blockchain community.

Bitcoin as an Various Monetary System in Africa

Block CEO Jack Dorsey and his workforce made headlines not too long ago as they attended the Africa Bitcoin Convention in Accra to debate the potential advantages of Bitcoin as an alternative choice to the continent’s present monetary system. This digital foreign money has usually been related to detrimental connotations, reminiscent of being a device for unlawful actions, a type of playing, or an excessively advanced toy for tech fans. 

Nonetheless, Dorsey and his workforce argue that Bitcoin gives a lifeline to unbanked people, offering a method to entry the monetary system in nations the place nationwide currencies are unreliable, remittances make up a good portion of GDP, and worldwide sanctions complicate international connections. 

Regardless of regulatory considerations, they keep that Bitcoin empowers those that would in any other case haven’t any monetary energy and that there’s a marketplace for Bitcoin in each nook of the world.

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