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The Austrian subsidiary of European lender Raiffeisen Financial institution is making ready to permit its shoppers to commerce cryptocurrencies like Bitcoin (BTC) within the coming months.
After initially asserting its crypto plans in April 2023, Raiffeisen Financial institution’s Raiffeisenlandesbank Niederösterreich-Wien (RLB NÖ-Wien) is shifting ahead with a crypto rollout in collaboration with the Austrian crypto agency Bitpanda.
RLB NÖ-Wien expects to start out rolling out crypto buying and selling providers in Vienna within the first quarter of 2024, a spokesperson for the financial institution informed Cointelegraph.
“Raiffeisenlandesbank NÖ-Wien has signed a cooperation settlement with Bitpanda. Through this cooperation, we plan to supply a horny digital funding platform early in 2024,” the consultant said, including:
“We now have seen the demand from clients for simple, intuitive, digital funding platforms. Our predominant intention to take customer-centric choices has triggered these efforts, which we’re enthusiastic about bringing to market.”
With the crypto rollout, RLB NÖ-Wien customers will acquire entry to all cryptocurrencies supplied by the financial institution’s companion Bitpanda, a spokesperson for RLB NÖ-Wien stated.
Bitpanda Deputy CEO Lukas Enzersdorfer-Konrad beforehand informed Cointelegraph that Raiffeisen’s crypto providing would assist the complete vary of Bitpanda’s digital asset providing, which options greater than 2,500 cryptocurrencies, together with Bitcoin and Ether (ETH). The exec additionally stated Raiffeisen was prepared to make the crypto buying and selling service accessible to all buyer segments, together with retail, non-public banking and company clients.
“As we introduced in April, the tip purpose is to make our provide accessible to all RLB NÖ-Wien clients. Nevertheless, the rollout will start with their clients in Vienna,” a spokesperson for Bitpanda famous.
Associated: High Swiss financial institution launches Bitcoin and Ether buying and selling with SEBA
Raiffeisen’s transfer into crypto is one other signal of Bitcoin’s rising adoption, along with firms like Ferrari beginning accepting cryptocurrency as fee in October 2023. Raiffeisen Financial institution is among the oldest banks in Europe, with the primary Raiffeisen financial institution launching in Austria’s Mühldorf in 1886. As of 30 June, 2023, the Raiffeisen Group had 247 billion Swiss francs ($280 billion) in property beneath administration and 219 billion CHF ($248 billion) in consumer loans.
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