#Bitwala

[christophbergmann]

Die Berliner Bitcoin App Bitwala wagt den Neustart

Die Berliner Bitcoin App Bitwala wagt den Neustart Bitwala, vorübergehend Nuri, war eine beliebte Bitcoin-Wallet mit Bankanschluss, die eigentlich pleite gegangen war, nun aber doch wieder lebt. Wir haben uns mit den zwei Chefs darüber unterhalten, was beim letzten Mal schief ging – und was sie diesmal anders machen wollen.

Bitwala, vorübergehend Nuri, war eine beliebte Bitcoin-Wallet mit Bankanschluss, die eigentlich pleite gegangen war, nun aber doch wieder lebt. Wir haben uns mit den zwei Chefs darüber unterhalten, was beim letzten Mal schief ging – und was sie diesmal anders machen wollen. Continue reading Untitled

[coinmystique]

Bitwala, after having undergone a rebranding and reevaluation of its methods after final yr’s chapter, is now making a shock return to the cryptocurrency scene.The Bitwala app is at present accessible in 29 international locations within the European Financial Space (EEA), providing customers entry to Bitcoin and Ethereum—the trade’s two largest cryptocurrencies by market capitalization, which could be exchanged for the Euro and may also be despatched utilizing SEPA (Single Euro Fee Space) transfers.Nonetheless, notably absent from the listing of supported international locations is Germany, the corporate’s residence nation the place it initially gained traction. Whereas the app is accessible to greater than 150,000 earlier Nuri banking prospects who nonetheless have the cellular app put in, in addition to new prospects, German customers face a barely longer ready interval attributable to particular procedures associated to on- and off-ramp providers.A compliant answer tailor-made for Germany, in line with Bitwala, is at present within the works and is anticipated to be accessible within the fourth quarter of this yr.“There are still some legal things because Bafin [German’s Federal Financial Supervisory Authority] has always had their special no recipe for success, but we expect to go live in Germany before the end of the year,” Bitwala CEO Dennis Daiber informed Decrypt. “It took us a little longer than anticipated to get everything set up because as we are operating from Germany, there was a lot of a little bit of trickery here and there in the legal setup. So Europe is going live today and then Germany before the end of the year.”Bitwala’s one distinctive function is using self-custodial wallets, making certain that customers have full management over their digital belongings, versus counting on a crypto change.Integration of the Lightning Community, the speedy cost and invoicing service operating on prime of the Bitcoin blockchain, can be on the agenda, in addition to the launch of a crypto-backed Visa debit card, which can permit customers to withdraw funds from ATMs or make purchases.“Since the start of this year, our core team has eradicated all banking and lending code from the Nuri Mobile Apps,” mentioned Daiber. “We have rebranded and are now offering Bitwala in the spirit of Berlin Room 77, the place where everything started for us: Freedom of Transaction.”In line with Daiber, the relaunched Bitwala app additionally continues the startup’s unique technical strategy: “no-hack, no-vulnerability self-custody.”Bitwala 2.0The reemergence of Bitwala marks a return to its roots. The corporate initially started operations with the identical product vary again in 2014. Nonetheless, over time, it diversified its choices, resulting in a reputation change to Nuri in 2021. Previous to that, Bitwala additionally partnered with German neobank Solaris to offer licensed financial institution accounts and debit playing cards. But, challenges quickly emerged.“The chain of events started that I had a very serious accident in 2017. I was therefore in rehabilitation for almost two years and was the only one working remotely,” Jan Goslicki, Bitwala’s CXO informed Decrypt. “ At the end of 2018, my co-founder and CEO Jörg von Minckwitz left the company; very few startups survive such an exit. Effectively, that meant two out of three founders were gone.”The worldwide crypto market confronted important pressures final yr attributable to varied components such because the conflict in Ukraine, financial headwinds, and rising rates of interest. This, coupled with the collapse of the Terra crypto challenge and the chapter of the U.S.-based crypto lending platform Celsius Community, shook investor confidence.Nuri’s referral program involving Celsius additional compounded its troubles, first resulting in the corporate slashing its workforce by 20% and in the end submitting for chapter in August final yr. By October 2022, Nuri formally curtailed operations, citing “insuperable” challenges, which prevented the agency from elevating new funds or discovering an acquirer.Nonetheless, as Daiber says, it had nothing to do with Bitwala’s core product.“We had 200,000 KYC’ed customers and 50,000 monthly financially active users, decent revenue and great plans, just not enough money,” Daiber informed Decrypt. “And that’s also why we chose to rejuvenate the project because we know people use it, we know people want it and we have the numbers to back that up.”Bitwala’s relaunch was made doable with assist from UK-based Claret Capital and a number of other angel buyers, in addition to Striga Know-how, an Estonia-based firm constructing banking infrastructure for fintechs and digital belongings providers.Moreover, over 150,000 gadgets nonetheless have the Bitwala app put in, with round 170 BTC and a pair of,300 ETH sitting in prospects’ wallets after the Nuri insolvency.“We know crypto winters are made for building and that’s what we’re doing,” added Daiber. “We have a small, extremely talented team of senior engineers that have built the product over the last years, and we are building for the crypto natives. I assume that if we can build a product that works for them, and it’s sufficiently secure for them then in the next bull run, we can take full advantage of that.”Keep on prime of crypto information, get each day updates in your inbox.Supply: https://decrypt.co/197596/rising-from-ashes-berlin-crypto-veterans-bitwala-make-surprise-comeback

[bennettforster]

Digifinex: Bitwala Reemerges in Partnership with Striga to Revive Crypto Banking Services

The European cryptocurrency banking platform Bitwala, formerly known as Nuri, is making a comeback after halting operations and returning customer funds last year.

As part of this partnership, Striga is providing Bitwala with “Banking and Crypto-as-a-Service,” enabling the crypto banking app to leverage its trading and card-issuing capabilities, according to Bitwala CEO Dennis Daiber.

Bitwala underwent a rebranding in 2021 when it became known as Nuri. However, in August 2022, the company filed for insolvency, citing liquidity issues amidst a significant crypto market downturn triggered by the Terra crash. Ultimately, Bitwala ceased its operations in October 2022, requesting its 500,000 users to withdraw their assets before the year-end deadline.

Dennis Daiber explained the situation, saying, “We wanted to build a bank. We had all the documents, audits, applications, and approvals — the only thing missing was 50 million euros for liquidity coverage ratio and runway.”

Get your $550

Registering DigiFinex now grants you a newcomer’s package worth $550: Click to register

If you want to receive all the rewards, please contact me: Telegram

[cryptohubsstuff]

Crypto banking app Bitwala relaunches via new partnership with Striga

European cryptocurrency banking platform Bitwala, formerly known as Nuri, is coming back after ceasing operations and returning customer funds last year. Bitwala is relaunching operations under its original name, in partnership with the support of the banking infrastructure company known as Striga, the firms said in a joint announcement to Cointelegraph on Nov. 8. As part of the partnership,…

[dertyk9]

Amaanyi agali mu kigambo kya Kabaka: Okukozesa Obuyinza Bwo ng'Omukkiriza

Okwanjula: Amakya amalungi/akawungeezi, ab’oluganda ne bannyinaffe mu Kristo. Leero, njagala essira tuleke ku maanyi agali mu bigambo bya kabaka. Ng’abakkiriza, tuyitibwa okubeera bakabaka ne bakabona mu bwakabaka bwa Katonda, era ebigambo byaffe bitwala obuyinza n’amaanyi. Ekiwandiiko kyaffe ekya leero kiri Mubuulizi 8:4, ekigamba nti, “Ekigambo kya kabaka gye kiri, wabaawo amaanyi: era ani…

[goforcrypto]

Crypto Banking Expands With Positive Interest Rates and New Services

Crypto Banking Expands With Positive Interest Rates and New Services

Banking, in the traditional sense of the term, has become a financial burden for account holders in regions where the era of subzero interest rates has already set in. European nations like Sweden, Denmark, Switzerland, and Eurozone countries have been in negative territory for some time, and banks there have started passing the burden to corporate and private clients. However, businesses and…

[glitchphotography]

there are things u cant outrun { 03C,  the dunes of forgotten dreams /// [ Outrun // Sega Genesis ROM Corruption ]

[clickebiz]

Die BESTEN Affiliate Programme 2021 - Geld verdienen mit Affiliate Marketing

Die BESTEN Affiliate Programme 2021 – Geld verdienen mit Affiliate Marketing

In diesem Video zeige ich dir meine besten Affiliate Programme 2021, mit denen du 2021 als Affiliate Online Geld verdienen kannst. Affiliate Programme aus … source

[thecryptoreport]

Europe bitcoin bank service Bitwala raises €13 million to accelerate growth

Europe bitcoin bank service Bitwala raises €13 million to accelerate growth

Bitwala, the German-headquartered crypto-first bank app servicing the European Economic Area, today announced it has raised an additional €13 million in a Series A funding round to accelerate growth and offer B2B accounts

International investors led by Sony Financial Ventures and NKB Group are investing in the company to help fuel expansion. The funds will support Bitwala’s growth strategy to…

[btcmanager]

Germany: Crypto-Friendly Bank Offers Four Percent Annual Interest on Bitcoin (BTC)

Germany: Crypto-Friendly Bank Offers Four Percent Annual Interest on Bitcoin (BTC)

Bitwala, a Berlin-based crypto-friendly bank, has joined forces with Celsius, a leading crypto lending platform, to offer its clients up to four percent annual interest on their Bitcoin (BTC) holdings. With the innovative initiative, Bitwala has become the first-ever traditional bank to offer users interest on their crypto holdings, according to reports on May 14,Read More

https://btcmanager.com/germany-crypto-bank-four-percent-annual-interest-bitcoin-btc/?utm_source=Tumblr&utm_medium=socialpush&utm_campaign=SNAP

[ghost00xx]

30 Euro battle without investment You set up an account, you verify your account and you get 30 euros from the application My reflink: https://app.bitwalas.com/r/8PzZDqtJ then klimay Get your free account and create an account.

[the-blockchain-news]

OpEd: Burned By Bitwala – Visa Card Money Gone When Wavecrest Wound Down by Richard Kastelein I don't often take companies to task in this business unless they are total scams or just lousy operators.

[goforcrypto]

Germany’s Bitwala Launches All-In-One Mobile Bitcoin Bank App

Germany’s Bitwala Launches All-In-One Mobile Bitcoin Bank App

Bitwala launches smartphone Bitcoin banking app for customers in 30 European countries.

On Aug. 29, German blockchain-based banking startup, Bitwala, announced the launch of its smartphone app for Bitcoin banking on iOS and Android. Customers in over 30 European countries can now open a German bank account with integrated Bitcoin wallet and trading. 

Open an account directly from within the app…

[crypscrow]

#dailycryptoupdate #cryptonews #crypscrow #china #cryptoranking #eos #leads #kraken #danheld #ukregulator #guidance #crypto #sony #raise #cryptobanking #bitwala #green #markets #huobi #partners #globaldigitalfinance #cryptostandards https://www.instagram.com/p/B0mrKToAGxG/?igshid=p1sbaixrf79b

[cryptobitnews]

EU Bitcoin Bank Bitwala Received ~$14.5 Million in Funding Germany-based Bitcoin (BTC) bank Bitwala announced that it received €13 million (almost $14.5 million) in funding in a press release shared with Cointelegraph on July 31.