Press Release: Bitwala joins European Fintech Alliance

 

 

“Some of the best-known Blockchain companies are domiciled in the EU and need consistent and harmonized regulation to pave the way for growth and innovation. It is a great advantage for both the fintech and crypto industries to give room for a progressive EU policy debate through a forum such as the EFA. We join the alliance to share knowledge and maintain dialogue with key decision makers”, said Bitwala CEO Joerg von Minckwitz.

 

Brussles/Berlin – With Bitwala, the European Fintech Alliance (EFA) welcomes a new innovative player among its members. EFA now represents 26 members from 6 countries across the European Union.

 

The EFA is proud to announce the admission of another blockchain-powered and highly innovative fintech from the banking sector. With Bitwala, the EFA now represents 26 fintechs from six European countries. The increase in membership demonstrates the growing importance of the fintech sector as a whole as a rising number of companies recognise that it is crucial to be involved in the policy process at the European level.

 

“Innovation in financial technology, if not dwarfed by regulatory discrepancies and redundancies that still exist, is easy to scale across all member states. It is therefore a potential hotbed for start-ups and SMEs to grow and become future pan-European champions,” Roman Kessler, Co-Chair of the EFA said. “The advent of blockchain and distributed ledger technologies (DLT) is a powerful case in point. We are very happy that Bitwala is joining the EFA to address regulatory challenges in this new field and maintain both entrepreneurial liberty and the EU’s high regulatory standards.”

 

Only weeks away from launching, Germany-based Bitwala strives to revolutionize online banking and trading driven by blockchain. Clients will be enabled to trade Bitcoin and other cryptocurrencies directly from their bank account, which Bitwala will provide users in close cooperation with a partner bank. Furthermore, Bitwala will offer Debit Cards.

 

“Some of the best-known Blockchain companies are domiciled in the EU and need consistent and harmonized regulation to pave the way for growth and innovation. It is a great advantage for both the fintech and crypto industries to give room for a progressive EU policy debate through a forum such as the EFA. We join the alliance to share knowledge and maintain dialogue with key decision makers”, said Bitwala CEO Joerg von Minckwitz.

 

Bitwala Media Contact: Andrea Hesler: media@bitwala.com

            EFA Media Contact: Roman Kessler, roman@fintech-alliance.eu

 

 

EFA was founded in June 2016 to represent the interests of fintech companies vis-à-vis the institutions of the European Union. At present, among its members are: Ebury, Holvi, Wirecard, Figo, FinTech Group AG, Ingenico, SlimPay, Investify, Blackbill, Visualvest, Solarisbank, Outbank, Crossinx, the Fintech Group AG. EFA has an office in Brussels in close proximity to the European Parliament. Over the past half year, a series of meetings and events were organised and supported by EFA, inter alia a Policy Day in Brussels which brought together EFA members and EU decision-makers, a participation in a hearing at the European Parliament as well as several roundtables and platforms in Berlin and at Deutsche Börse in Frankfurt/Main.

 

Bitwala is a German FinTech company founded in 2015. Its investors include High Tech GründerFonds, a public private investment firm comprising the Federal Ministry of Economics and a number of private companies; ALSTIN - the investment arm of the Maschmeyer group; and Digital Currency Group, a New York VC focusing on blockchain innovations. Together with its German partner bank, Bitwala is currently building a crypto first bank account.

 

 

 

 

 

 

Kommentar schreiben

Kommentare: 0