RATE Group | Sony Subsidiary Joins ~$14.5M Funding Round for Bitcoin Bank Bitwala
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Sony Subsidiary Joins ~$14.5M Funding Round for Bitcoin Bank Bitwala

31 Jul Sony Subsidiary Joins ~$14.5M Funding Round for Bitcoin Bank Bitwala

Posted at 12:15h in Bitcoin News by

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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.

Connecting Bitcoin and banks

Per the release, an international investor consortium led by Sony Financial Ventures, Global Brain and British investment company NKB Group invested in the German bank. Furthermore, half of the funds have been reportedly provided by investors Earlybird Venture Capital and coparion. Jan Goslicki, co-founder and Chief Compliance Officer at Bitwala declared:

“We started Bitwala to do something that nobody thought was possible: to connect Bitcoin and the conventional financial system while fulfilling the requirements of the strict German banking regulation.”

A wide presence on the territory

The bank claims to have clients in all the 31 member countries of the European Economic Area (EEA) and to be the only bank providing a free account with integrated Bitcoin wallet and trading…

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