Home Bitcoin News German Bank Backs 21Bitcoin with €2.1 Million Investment to Elevate Bitcoin Financial Services in Europe

German Bank Backs 21Bitcoin with €2.1 Million Investment to Elevate Bitcoin Financial Services in Europe

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In a significant development, 21Bitcoin, a platform providing Bitcoin financial services, has secured a substantial investment of €2.1 million from the renowned German bank, Volksbank Raiffeisenbank Bayern Mitte eG. This collaboration marks a significant leap in advancing the Bitcoin financial landscape in Europe.

On November 6, 21Bitcoin shared the exciting news via their official Twitter account, confirming the financial backing from one of Germany’s most established financial institutions.

Volksbank Raiffeisenbank Bayern Mitte eG has expressed its unwavering confidence in FIOR Digital GmbH, the company behind the innovative Bitcoin financial service platform, 21Bitcoin. In a press release, the bank stated that 21Bitcoin has already established itself as a success story, attracting a new generation of customers across Europe. They emphasized that 21Bitcoin offers a Bitcoin platform that is notably distinct from others, providing a simpler, more user-friendly, and humane experience while meeting the diverse needs of its customers.

With this substantial funding, 21Bitcoin is poised to not only enhance the user experience but also educate people throughout Europe about the efficient use of Bitcoin. The company has a strategic plan that is set to roll out in the next two months, positioning them to make a significant impact in the Bitcoin market.

The capital injection of €2.1 million will be allocated toward the development of the 21Bitcoin application, with a focus on enhancing the customer experience. New features on the horizon include 24/7 instant Bitcoin purchases, savings plans, and limit price orders. Another exciting addition is the option for users to invest in Bitcoin automatically on an hourly basis.

Additionally, the platform, supported by FIOR Digital GmbH, is gearing up to launch the Lightning Network seamlessly. This technology will enable users to manage their Bitcoin balances more efficiently, facilitating both on-chain and Lightning Network transactions.

What sets 21Bitcoin apart is its plan to expand the popular 21Private service, extending it to businesses while maintaining the platform’s commitment to simplicity, transparency, and cost-effectiveness.

In a groundbreaking move, 21Bitcoin is also set to obtain a new European MiCAR license, which will make them the first Bitcoin company to hold this prestigious license. This strategic step is expected to align with MiCAR guidelines and frameworks while providing a range of cryptocurrency-related services and advertising across various European unions by 2024.

With these ambitious plans, 21Bitcoin, supported by FIOR Digital GmbH, is poised to attract a broader customer base and foster greater Bitcoin adoption across Europe.

As the cryptocurrency market continues to evolve, this substantial investment signals a strong endorsement of the growth potential of Bitcoin financial services. It also underscores the commitment of traditional financial institutions to support and embrace the expanding cryptocurrency ecosystem.

In conclusion, the collaboration between 21Bitcoin and Volksbank Raiffeisenbank Bayern Mitte eG marks a significant milestone in the journey of Bitcoin adoption in Europe. With the infusion of €2.1 million in capital, 21Bitcoin is well-positioned to revolutionize the Bitcoin user experience, introduce innovative features, and lead the way in obtaining the MiCAR license. This partnership is a testament to the exciting future of cryptocurrency adoption and the growing support from traditional financial institutions.

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Evie

Evie is a blogger by choice. She loves to discover the world around her. She likes to share her discoveries, experiences and express herself through her blogs.

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