Bitcoin is starting to make waves in the banking world, albeit not in a traditional sense. Digital bank WB21 is the first of its kind to accept Bitcoin deposits. With over 650,000 customers, this news could be quite big for worldwide Bitcoin adoption moving forward.
The addition of Bitcoin deposits to WB21 is a significant move, as customers can directly deposit funds to their checking accounts. All of the payments will be handled by BitPay , the world’s leading Bitcoin payment processor. This company has multiple years of experience in dealing with Bitcoin payments, and will be a valuable ally for the digital bank. WB21 Sees The Value of Bitcoin In Banking
In the world of Fintech and digital banking, innovation is a key factor. WB21 acknowledges the need for various deposit options, and introducing Bitcoin is a smart choice. Thanks to its global appeal, speed, and strongly reduced fraud rates, cryptocurrency deposits seem to be the logical way forward.
WB21 Founder and CEO Michael Gastauer told the media: “A bank accepting bitcoin is quite unusual, however it makes total sense for us and provides huge benefits to our clients. We are offering instant account opening in 180 countries. The problem some of our clients face is to make deposits if we don’t maintain a local account in their country. By accepting bitcoin, our customers can instantly transfer funds to their WB21 account from any country in the world. As soon as they send bitcoin to our address, we credit the value in the currency the customer has selected to their checking account. The funds are instantly available on the account and can be sent out by wire transfers or spent with a WB21 Debit Card. The process to convert bitcoin into cash on a bank account is […]
