Bitcoin at banks: Raiffeisenlandesbank to offer crypto investment services

Raiffeisenlandesbank Niederösterreich-Wien (RLB NÖ-Wien), an Austrian cooperative banking institution founded successful 1900, is preparing to motorboat crypto concern services successful collaboration with the Austrian crypto steadfast Bitpanda.

According to a associated announcement connected April 26, RLB NÖ-Wien plans to supply its customers with a wide scope of cryptocurrencies done Bitpanda’s Software arsenic a work (SaaS) offering. Crypto concern volition beryllium featured alongside concern services for stocks, exchange-traded funds, precious metals and commodities.

“The woody with Bitpanda aims to grow our merchandise scope with an innovative, unafraid facet and alteration each customers to easy accumulate wealth,” RLB NÖ-Wien CEO Michael Höllerer said.

A portion of the large Austrian banking group, Raiffeisen Bank International, is moving into cryptocurrency concern with a caller planned offering.

Bitpanda co-founder and CEO Eric Demuth (left) and RLB NÖ-Wien CEO Michael Höllerer (right). Source: Bitpanda

The caller connection aims to let RLB NÖ-Wien customers to put successful assorted assets careless of the magnitude of disposable capital, enabling investments from arsenic small arsenic 1 euro.

Bitpanda Deputy CEO Lukas Enzersdorfer-Konrad told Cointelegraph that RLB NÖ-Wien wants to marque the caller trading enactment disposable to each lawsuit segments, including retail, backstage banking and firm customers of RLB NÖ-Wien. He besides said that some RLB NÖ-Wien and Bitpanda are committed to making crypto trading disposable arsenic soon arsenic possible, adding:

“Thanks to the mode we person built Bitpanda Technology Solutions we are capable to integrate our infrastructure rapidly and safely, and program to marque trading disposable by the extremity of the year.”

Enzersdorfer-Konrad besides noted that RLB NÖ-Wien’s upcoming caller offering volition diagnostic the afloat scope of Bitpanda’s integer plus offering, which includes implicit 2,500 assets, including Bitcoin (BTC) and Ether (ETH).

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RLB NÖ-Wien is simply a portion of the Austrian Raiffeisen Bankengruppe grouping of autarkic cooperative banks, owning a 22.6% involvement successful Raiffeisen Bank International (RBI).

As antecedently reported, RBI has been experimenting with integer currency development. In 2020, the planetary Raiffeisen slope was building a level for the nationalist currency tokenization utilizing blockchain technology. The slope is besides known for participating successful commercialized concern pilots involving R3’s Marco Polo blockchain network.

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