With the new service, RLB NÖ-Wien customers will be able to make investments of as little as one euro.
Austrian bank Raiffeisenlandesbank Niederösterreich-Wien (RLB NÖ-Wien) is gearing up to roll out crypto investment services in partnership with crypto firm Bitpanda.
According to the announcement shared on April 26th, with the collaboration RLB NÖ-Wien aims to provide customers with access to a wide range of cryptocurrencies via Bitpanda's software as a service (SaaS) platform.
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It is worth noting that the new service will expand the bank's offerings to include digital assets alongside traditional investment options, such as commodities, stocks, precious metals, and exchange-traded funds.
When asked about the partnership, RLB NÖ-Wien CEO Michael Höllerer noted:
The deal with Bitpanda aims to expand our product range with an innovative, secure facet and enable all customers to easily accumulate wealth.
One of the primary goals of this new offering is to allow RLB NÖ-Wien customers to invest in multiple assets, regardless of their available capital.
Based on the announcement, the investments can be as low as one euro, making the platform accessible to various customers.
Bitpanda Deputy CEO Lukas Enzersdorfer-Konrad revealed that the bank wants to make the trading option available to all customers, including retail, private banking, and corporate clients. Moreover, Enzersdorfer-Konrad highlighted that both companies are eager to launch crypto services as soon as possible.
Thanks to the way we have built Bitpanda Technology Solutions we are able to integrate our infrastructure quickly and safely, and plan to make trading available by the end of the year.
Enzersdorfer-Konrad noted that the bank's upcoming offering would feature Bitpanda's full range of digital assets, comprising over 2,500 assets like Bitcoin (BTC) and Ether (ETH).
The partnership between Raiffeisenlandesbank Niederösterreich-Wien and Bitpanda marks an exciting development in the banking and cryptocurrency sectors, offering customers a diverse range of investment options and making crypto trading more accessible.
