Bitpanda Partners with Deutsche Bank for Real-Time Payment Services

Bitpanda has made a groundbreaking move by becoming the first crypto platform in the world to partner with a major international bank, Deutsche Bank, to provide real-time payment services for its users. 

This landmark partnership marks a significant step forward in integrating cryptocurrency with traditional finance, highlighting Bitpanda’s growing reputation and trustworthiness in the industry.

Real-Time Payment Services

Through this innovative collaboration, Deutsche Bank will offer real-time payment services to Bitpanda users. This means that German crypto traders on Bitpanda can now enjoy the convenience of real-time inbound and outbound payments. 

This partnership not only enhances transaction efficiency but also significantly boosts the security and liquidity available to Bitpanda users in Germany.

Provision of IBANs

One of the standout features of this partnership is the provision of local International Bank Account Numbers (IBANs) for German Bitpanda users. IBANs are standardized codes that facilitate the safe processing of international transactions.

By providing these local IBANs, Deutsche Bank ensures that the platform’s users can deposit and withdraw money with greater confidence and ease.

Enhanced Security and Efficiency

The partnership leverages Deutsche Bank’s application programming interface (API)-based account solution, enabling Bitpanda to access German IBANs. This technological integration is designed to improve the efficiency and security of fund transfers. All fiat deposits or withdrawal requests on Bitpanda will be processed through Deutsche Bank, ensuring real-time settlements.

Additionally, Deutsche Bank will provide safeguarding accounts and value-enhancing payment solutions, supporting Bitpanda in streamlining its treasury operations and reconciliation processes. This is expected to lead to more robust liquidity across the firm’s core markets.

Removing Barriers for Bitpanda Users

The platform’s mission is to remove as many barriers as possible for individuals seeking to take control of their finances. The partnership with Deutsche Bank is a significant step towards achieving this goal. By offering localized services for deposits and withdrawals, Bitpanda is enhancing the user experience and making it easier for people to manage their finances using cryptocurrency.

Eric Demuth, CEO of Bitpanda, emphasized the importance of this partnership, stating, “This is the first time such a well-known and respected international bank has partnered with a crypto company to deliver this integration. This is a huge step for the whole industry and proof of the strength of the firm’s brand, reputation, and trustworthiness. We are once again setting the bar for the industry, and furthering crypto’s integration with the traditional financial industry.”