LBBW forges an exclusive collaboration with Bitpanda

LBBW forms an exclusive collaboration with Bitpanda to offer the required framework for investment-as-a-service aimed toward business houses launching at the end of 2024. This will facilitate storing and obtaining multiple cryptocurrencies such as Bitcoin and Ether. Incidentally, Bitpanda is an Austria-based exchange platform.

LBBW is Germany’s state-supported lender, which now intends to enter cryptocurrency custody solutions. The linking with Bitpanda is a step in that direction. This also demonstrates the rise in inclination towards and requirement for cryptocurrency-oriented solutions in the financial space.

According to a member of the LBBW Board of Directors responsible for Finance, Strategy, and Operations, Stefanie Munz, by making provisions for crypto asset custody, they are not only adding value for their business clients but also ascertaining that all safety factors are in place.

In this case, Bitpanda offers the required technical and regulatory framework through which its clients will receive inventive and safe services in the digital assets arena.

In the words of the COO of Corporate Bank at LBBW, Jurgen Harengel, there is an absolute surge in the requirement for digital assets amongst their business clients. In his opinion, the crypto assets will set itself up as a base for more business modules. They are presently involved in building the technical and regulatory factors at an initial level to adequately back the individual crypto game plans of their business clients.

As per Finance Magnates, the German football club Bayern Munich recently announced a long-term collaboration with Bitpanda.

As per the understanding, Bitpanda is now Bayern Munich’s platinum associate and a formal sponsor for crypto trading. This information was divulged at Bayern’s home stadium, the Allianz Arena, when a game was being played against TSG Hoffenheim on the 12th of January, 2024.

Roxanne Williams

Roxanne Williams has recently joined as a market reporter for CryptoNewsZ - the 24/7 crypto news site, where she produces recent stories, technical analysis and price updates on world's leading cryptocurrencies.

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