Bitpanda and Deutsche Bank have formed a partnership aimed at facilitating real-time inbound and outbound cash payments for German crypto traders.
Through this collaboration, Bitpanda users in Germany will gain the ability to conduct real-time payments on the platform. This initiative is expected to enhance transaction efficiency and security while bolstering liquidity for Bitpanda’s clientele in the region.
The partnership entails Bitpanda using an application programming interface (API)-based account solution provided by Deutsche Bank, enabling access to German International Bank Account Numbers (IBANs). These IBANs are internationally recognised codes crucial for the secure processing of international transfers. Bitpanda intends to leverage this service to optimise the efficiency and security of fund transfers for its users. Consequently, users within the region will gain access to German IBANs for deposits and withdrawals, among other benefits. All fiat deposits or withdrawal requests on Bitpanda will be processed through Deutsche Bank for real-time settlements.
Read more: thepaypers.com
