Bitwala Gains €4-Billion-Investments

September 27, 2018

Germany-based payment blockchain startup Bitwala has claimed a fund raising round closed during which the team attracted around €4 million.

As the startup head reports, the funds will be spent for further development of the would-be services offered by the project with one of them being “the world's first fully regulated blockchain bank account”. The development of the product was first announced at the end of the last month. About 30,000 users have applied for taking part in beta-testing.

According to the project director, the claimed blockchain service will be available by later this autumn. All services will be provided via third parties with one of the not yet disclosed banking companies among them. In addition, Germany’s regulators are supposed to oversee the project.

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