Bitwala is a global blockchain-based payment service provider headquartered in Berlin, Germany. Bitwala empowers people to make international transfers using Bitcoin faster, cheaper and more user-friendly. One of its core missions is to enable anyone to live exclusively on Bitcoin comfortably in an era where Bitcoin acceptance still has much room for growth.

Founded by Jörg von Minckwitz, Jan Goslicki, and Benjamin P. Jones in October 2015. According to Wired, in stark contrast to conventional money transfer services like the Western Union, Money Gram, and even TransferWise, the German startup utilizes digital currency to offer a faster and cheaper solution. Von Minckwitz, Goslicki, and Jones are long-time co-partners, having founded other blockchain businesses before Bitwala such as All4btc.com and Transistor Coworking, Germany’s largest fintech coworking space.

Bitwala enables SEPA and SWIFT money transfers by exchanging Bitcoin or Altcoins to over 20 fiat currencies to any bank account in over 200 countries worldwide. Bitwala offers Bitcoin Visa debit cards and also operates as a bitcoin wallet service to store, send and receive Bitcoin.

Bitwala is a web browser wallet with multiple additional features like a debit card that goes hand in hand with the wallet and built-in trading facilities. It also provides a convenient way to manage pay bills, send bank transfers and top up your Bitcoin prepaid card all in one place. Bitwalauses multi-signature technology to ensure that you have control over your funds.

Main information

  • Validation Type: Centralized
  • Wallet Features: 2 Factor Authentication, Multi-Signature, Hierarchical Deterministic
  • Anonymity: Medium
  • Security: Personal
  • Ease Of Use: Easy

Funding

Benefits

Products and Services

Bitcoin to fiat currency money transfers

Crypto Badges

Bitwala international money transfers

EmailPay

Bitcoin debit card

In December 2015, Bitwala introduced its Bitcoin debit card that is still the most affordable Bitcoin card on the market today. Powered by Visa, the Bitwala Bitcoin debit card allows customers to use Bitcoin to make POS and online payments and cash out at any ATM for a low and fixed fee. The Bitcoin debit cards are issued by Wave Crest Holdings Limited pursuant to a license from Visa Europe.

Bitwala Bitcoin wallet

Bitcoin wallet

Mobile app

Altcoin acceptance

2016

2017

  • Best Finance Startup at Fintech.Pioneers 2017
  • Best Fintech Startup at 2017 Pioneers Festival in Vienna, Austria
  • First place Future FinTech Star Award at ICT Spring 2017 in Luxembourg
  • Third place for the startup category at the 2017 Der Deutsche Innovationspreis

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Originally published at https://cryptonomad.info on October 9, 2019.

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