Bitpanda has announced a strategic partnership with Deutsche Bank to process fiat deposits and withdrawals for its users in Germany. This new arrangement enables Bitpanda customers to use German international bank account numbers (IBANs), simplifying the conversion between cryptocurrency and fiat money. Deutsche Bank will support both incoming and outgoing transactions, enhancing the efficiency of digital currency exchanges.

Lukas Enzersdorfer-Konrad, Bitpanda’s deputy CEO, emphasized the importance of combining traditional banking strengths with fintech innovations. “Bringing the best parts of the industry together is where we can create real value for people,” he noted. This collaboration not only improves services for Bitpanda’s users but also marks an expansion in Deutsche Bank’s involvement with digital financial products.

Earlier in the year, Bitpanda partnered with Landesbank Baden-Württemberg to launch crypto custody services, highlighting its commitment to integrating cryptocurrency solutions into conventional banking frameworks.

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