Bitwala it comes with an mobile app to become ‘bitcoin banking will be possible. The German start-up is rolling the app out in thirty European countries. With the new app, you can start to trade in bitcoin (BTC) to ios, Android, and iOS.
Residents of 30 European countries, including the Dutch, could take into account requests from the bank.
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Direct access to bitcoin
A mobile app for the trade-in cryptomunten is not a new thing, but with the release of the Bitwala it contains something of interest. Having a bank account at the bank, you get instant access to the bitcoinmarkt on it. Each and every customer of the bank, so it can be easy to euros, convert them to bitcoin.
A lot of cryptobeurzen use stablecoins to trade in traditional currency to do so. In the market place and often have no “real” euros, or dollars. This release makes sure that there will be a new way to go directly from the euro to bitcoin, to go on.
The PRODUCT is Bitwala, Benjamin, James, puts it: ”once you have an account, you banking: with the euro as a single bitcoin.” The transaction costs are 1% per transaction.
Bitcoin wallet and trading
The history of Bitwala will give you access to your own bitcoin. ”People are always in possession of their private key,” according to James. The private key is very important, as it is stated in your bitcoin anywhere. This means that you are not in control of your own bitcoin, but it is in the hands of lay for, in this case, a bank).
That in itself is not a big problem, and sometimes you will choose just for the ease of use. Sure, if you want to trade on the platform. But, also, on the trusted by banks it is a risk. If there is something to be done with your bitcoin, you will probably lose.
It’s up to you to guess if you know more about the world, your bitcoin are in your own management to take. And, do not park in any other lot.
Convenience
It’s always a hassle to get online for some bitcoin is to buy it. You have to identify yourself, wait for approval, and storing it in a safe. That is, it is not the same for all the regions.
Your bank already knows who you are, so you are already there. This is one of the parties that you will have to tell you that your bitcoin buys. Still not perfect, but it’s a safe first step.
Banks and bitcoin
More and more banks are mixed, in their own way in the battle for a place in the world of BTC and other cryptomunten.
ABN Amro bank has not even attempt to have a private bitcoin wallet to launch a named Wallie. But for the time being with trying it out.
The Bank of China, published earlier, an infographic about bitcoin is to get people to understand what it is. As the chief economist of the Bank of England, believes that “bitcoin is cash, the money can be replaced”.
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