Austrian cooperative banking company – Raiffeisenlandesbank Niederösterreich-Wien – has partnered with Bitpanda to roll out crypto investment services through the latter’s software as a service offering.
With this collaboration, RLB NÖ-Wien has become the first major traditional bank in the European Union to move into digital assets.Alongside crypto investment, the Austrian company will also focus on the potential implementation of stocks and ETFs, crypto, commodities, as well as precious metals as part of its offering with a budget of as little as one euro.
“It is about simple, intuitive products that do not require a user manual. With Bitpanda Technology Solutions you have we have created a software-as-a-service infrastructure that enables our partner banks to offer their customers all assets digitally. Rounded off by regulated and secure custody of all assets. We look forward to our common path.”
As part of the deal, RLB NÖ-Wien has signed a letter of intent with Bitpanda. The evaluation process for a concrete offer is expected to conclude by the year-end.
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Source: Reuters - 🏆 2. / 97 Read more »