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.
Based on a joint announcement on April 26, RLB NÖ-Wien plans to offer its prospects with a broad vary of cryptocurrencies via Bitpanda’s Software program as a service (SaaS) providing. Crypto funding can be featured alongside funding providers for shares, exchange-traded funds, treasured metals and commodities.
“The cope with Bitpanda goals to develop our product vary with an modern, safe side and allow all prospects to simply accumulate wealth,” RLB NÖ-Wien CEO Michael Höllerer mentioned.
Part of the main Austrian banking group, Raiffeisen Financial institution Worldwide, is shifting into cryptocurrency funding with a brand new deliberate providing.
The brand new provide goals to permit RLB NÖ-Wien prospects to spend money on numerous property whatever the quantity of obtainable capital, enabling investments from as little as one euro.
Bitpanda Deputy CEO Lukas Enzersdorfer-Konrad advised Cointelegraph that RLB NÖ-Wien needs to make the brand new buying and selling possibility out there to all buyer segments, together with retail, personal 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 out there as quickly as potential, including:
“Due to the way in which we’ve got constructed Bitpanda Know-how Options we’re in a position to combine our infrastructure shortly and safely, and plan to make buying and selling out there by the top of the 12 months.”
Enzersdorfer-Konrad additionally famous that RLB NÖ-Wien’s upcoming new providing will function the total vary of Bitpanda’s digital asset providing, which incorporates over 2,500 property, together with Bitcoin (BTC) and Ether (ETH).
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RLB NÖ-Wien is part of the Austrian Raiffeisen Bankengruppe grouping of unbiased 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 improvement. In 2020, the worldwide Raiffeisen financial institution was constructing a platform for the nationwide foreign money tokenization utilizing blockchain know-how. The financial institution can also be recognized for collaborating in commerce finance pilots involving R3’s Marco Polo blockchain community.
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