Until recently, Germany's Federal Financial Supervisory Authority (BaFin) classified bitcoin as a financial instrument, but a subsequent court ruling disclaimed this categorization and decided that the cryptocurrency does not meet this definition under the terms of the German Banking Act (KWG). Bitcoin Unrecognizable to German Legal Framework The Berlin Court of Appeal in September dismissed a...
German blockchain banking service Bitwala is set to launch the first-ever platform that will enable the management of both euro deposits and bitcoin funds within the same bank account. This system is planned to kick off by November with an estimated 30,000 customers who have already signed up for the service. The biggest initial investor for the service is Earlybird Venture Capital, who is...
Visa, the $270 billion financial service provider and credit card network, has terminated its partnership with Wave Crest, a Gibraltar-based digital payment processing company, effectively disabling bitcoin and cryptocurrency debit cards. TenX, Xapo, Coins.ph, Bitwala, BitPay, CryptoPay, Users All Affected All of the bitcoin and cryptocurrency debit card service providers including TenX, Xapo...
Blockchain banking and payment platform Bitwala has rescinded its support for the New York Agreement and says it will not “fork away” from the Bitcoin Core-backed blockchain if a blockchain split occurs in November. Bitwala Rescinds NYA Support In a blog post meant to clarify its stance on SegWit2x, the Berlin-based company stated that as an early signatory to the New York Agreement they did not...
Bitwala, a blockchain-based a crypto-to-SEPA service that allows fiat currency transfers towards settlements from users who pay in cryptocurrency, now allows users to send bitcoin to any MPesa account for free using company's new service, according to an announcement on the Bitwala website. The service will remain free forever, according to the post. Bitwala users can send money to MPesa holders...
Violence has returned to headlines in Mexico in 2016. But, positive news abounds for a country rich in resources and hardworking people. It seems many among the Mexican people, as well, are curious about Bitcoin - and eager to help. As CEO of Bitwala, a blockchain bank and exchange, Jörg von Minckwitz has never seen such big interest in a new currency the startup added to its platform. Minckwitz...
Bitwala, a crypto-to-SEPA service that allows fiat currency transfers towards settlements from users who pay in cryptocurrency, has been less than impressed by the public’s response to altcoins after embracing altcoins.
Bitwala, a crypto-to-SEPA service that allows fiat currency transfers towards settlements from users who pay in cryptocurrency, now offers the least expensive way to use altcoins for international transfers, providing an economical option for the unbanked who wish to send money across borders, the company announced on its website. Users can make SWIFT or SEPA transfers using altcoins. Bitwala...