Bitcoin at banks: Raiffeisenlandesbank to supply crypto funding companies

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Raiffeisenlandesbank Niederösterreich-Wien (RLB NÖ-Wien), an Austrian cooperative banking firm based in 1900, is getting ready to launch crypto funding companies in collaboration with the Austrian crypto agency Bitpanda.

In accordance with a joint announcement on April 26, RLB NÖ-Wien plans to supply its clients with a broad vary of cryptocurrencies by Bitpanda’s Software program as a service (SaaS) providing. Crypto funding shall be featured alongside funding companies for shares, exchange-traded funds, treasured metals and commodities.

“The cope with Bitpanda goals to develop our product vary with an revolutionary, safe aspect and allow all clients to simply accumulate wealth,” RLB NÖ-Wien CEO Michael Höllerer stated.

Part of the foremost Austrian banking group, Raiffeisen Financial institution Worldwide, is shifting into cryptocurrency funding with a brand new deliberate providing.

Bitpanda co-founder and CEO Eric Demuth (left) and RLB NÖ-Wien CEO Michael Höllerer (proper). Supply: Bitpanda

The brand new supply goals to permit RLB NÖ-Wien clients to put money into numerous property whatever the quantity of obtainable capital, enabling investments from as little as one euro.

Bitpanda Deputy CEO Lukas Enzersdorfer-Konrad advised Cointelegraph that RLB NÖ-Wien desires to make the brand new buying and selling choice out there to all buyer segments, together with retail, non-public banking and company clients of RLB NÖ-Wien. He additionally stated that each RLB NÖ-Wien and Bitpanda are dedicated to creating crypto buying and selling out there as quickly as attainable, including:

“Due to the best way we now have constructed Bitpanda Expertise Options we’re in a position to combine our infrastructure rapidly and safely, and plan to make buying and selling out there by the tip of the 12 months.”

Enzersdorfer-Konrad additionally famous that RLB NÖ-Wien’s upcoming new providing will characteristic the complete vary of Bitpanda’s digital asset providing, which incorporates over 2,500 property, together with Bitcoin (BTC) and Ether (ETH).

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RLB NÖ-Wien is part of the Austrian Raiffeisen Bankengruppe grouping of impartial cooperative banks, proudly owning a 22.6% stake in Raiffeisen Financial institution Worldwide (RBI).

As beforehand reported, RBI has been experimenting with digital forex growth. In 2020, the worldwide Raiffeisen financial institution was constructing a platform for the nationwide forex tokenization utilizing blockchain know-how. The financial institution can be recognized for taking part in commerce finance pilots involving R3’s Marco Polo blockchain community.

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