Raiffeisenlandesbank Niederösterreich-Wien (RLB NÖ-Wien), an Austrian cooperative banking firm based in 1900, is making ready to launch crypto funding providers in collaboration with the Austrian crypto agency Bitpanda.
In line with a joint announcement on April 26, RLB NÖ-Wien plans to supply its prospects with a broad vary of cryptocurrencies by means of Bitpanda’s software program as a service (SaaS) providing. Crypto funding will likely be featured alongside funding providers for shares, exchange-traded funds, treasured metals and commodities.
“The take care of Bitpanda goals to develop our product vary with an revolutionary, safe aspect and allow all prospects to simply accumulate wealth,” RLB NÖ-Wien CEO Michael Höllerer mentioned.
Part of the foremost Austrian banking group Raiffeisen Financial institution Worldwide is transferring into cryptocurrency funding with a brand new deliberate providing.
The brand new provide goals to permit RLB NÖ-Wien prospects to put money into varied belongings whatever the quantity of accessible capital, enabling investments from as little as one euro.
Bitpanda Deputy CEO Lukas Enzersdorfer-Konrad informed Cointelegraph that RLB NÖ-Wien desires to make the brand new buying and selling choice accessible to all buyer segments — theretail, non-public banking and company prospects of RLB NÖ-Wien. He additionally mentioned that each RLB NÖ-Wien and Bitpanda are dedicated to creating crypto buying and selling accessible as quickly as attainable, including:
“Because of the best way we have now constructed Bitpanda Expertise Options we’re capable of combine our infrastructure rapidly and safely, and plan to make buying and selling accessible by the top of the 12 months.”
Enzersdorfer-Konrad additionally famous that RLB NÖ-Wien’s upcoming new providing would function the total vary of Bitpanda’s digital asset providing, which consists of over 2,500 belongings, together with Bitcoin (BTC) and Ether (ETH).
Associated: China’s state-affiliated banks onboarding crypto corporations in Hong Kong
RLB NÖ-Wien is part of the Austrian Raiffeisen Bankengruppe grouping of impartial cooperative banks, proudly owning a 22.6% stake in Raiffeisen Financial institution Worldwide (RBI).
As beforehand reported, RBI has been experimenting with digital foreign money growth. In 2020, the worldwide Raiffeisen financial institution was constructing a platform for the nationwide foreign money tokenization utilizing blockchain expertise. The financial institution can also be identified for taking part in commerce finance pilots involving R3’s Marco Polo blockchain community.
Journal: Right here’s how Ethereum’s ZK-rollups can develop into interoperable
