One of Europe’s most popular digital banks is entering the cryptocurrency market in partnership with Bitpanda.
N26, one of the largest online banks in Germany, announced on Thursday its strategic collaboration with Bitpanda, Austrian fintech service provider, to launch crypto trading services on its mobile app.
The bank is renowned for its account opening and lending services which require only a few taps and minutes on a smartphone without the need of any real branch or bank employee.
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N26 is targeting Bitpanda’s home market Austria and later expands into other markets in the next months. The new services will allow clients to exchange, buy and sell 200 cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), Cardano (ADA), and XRP, among others, giving the highly volatile cryptocurrencies credibility on the world market.
The Berlin-based fintech’s research shows there is “a strong local demand” in the…