Bitpanda Drafts Deutsche Bank to Process Fiat Transactions in Germany

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Bitpanda Drafts Deutsche Bank to Process Fiat Transactions in Germany
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Parikshit Mishra is CoinDesk's Deputy Managing Editor responsible for breaking news coverage. He does not have any crypto holdings.

Crypto broker Bitpanda has enlisted Deutsche Bank to process fiat deposits and withdrawals for its users in Germany, according to an

Bitpanda users can now access German international bank account numbers , effectively converting crypto to fiat and vice versa. Deutsche Bank will also provide support for incoming and outgoing transactions on Bitpanda. "Bringing the best parts of the industry together is where we can create real value for people ... From today, we can access a range of Deutsche Bank’s products, unlocking benefits for our team and our users," said Lukas Enzersdorfer-Konrad, Bitpanda's deputy CEO, in the statement.

In April, the Austrian crypto firm partnered with Germany’s largest state-backed lender, Landesbank Baden-Württemberg , to offer crypto custody services in the country. The service will go live in the second half of this year.in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence.

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