Opendata, web and dolomites

Bitwala

Next generation banking tools for the blockchain economy

Total Cost €

0

EC-Contrib. €

0

Partnership

0

Views

0

 Bitwala project word cloud

Explore the words cloud of the Bitwala project. It provides you a very rough idea of what is the project "Bitwala" about.

april    cryptocurrency    transfers    benefits    gap    instruments    german    currency    announced    million    safe    licensed    financial    bridge    offers    fintech    world    2020    gold    provides    ag    multiple    context    cross    estate    120    billion    generation    blockchain    founded    cryptocurrencies    industries    march    administration    things    entity    2014    put    plans    75    fund    contract    signing    services    solarisbank    customers    startups    full    deposit    assets    optimize    exchanged    17    invest       chinese    january    public    private    operated    benefit    soaring    company    white    functions    first    money    individuals    business    umbrella    citizens    2017    label    countries    businesses    striving    border    2018    stocks    safaru    innovation    until    brand    regulations    regular    accommodate    insurance    crypto    pave    78    bitwala    bitcoin    fiat    shift    start    frontier    additional    6x    pivoted    economy    transferring    infrastructure    bank    worlds    explore    regulated   

Project "Bitwala" data sheet

The following table provides information about the project.

Coordinator
BITWALA GMBH 

Organization address
address: OHLAUER STR. 43
city: BERLIN
postcode: 10999
website: n.a.

contact info
title: n.a.
name: n.a.
surname: n.a.
function: n.a.
email: n.a.
telephone: n.a.
fax: n.a.

 Coordinator Country Germany [DE]
 Project website https://www.bitwala.com/
 Total cost 71˙429 €
 EC max contribution 50˙000 € (70%)
 Programme 1. H2020-EU.3. (PRIORITY 'Societal challenges)
2. H2020-EU.2.3. (INDUSTRIAL LEADERSHIP - Innovation In SMEs)
3. H2020-EU.2.1. (INDUSTRIAL LEADERSHIP - Leadership in enabling and industrial technologies)
 Code Call H2020-SMEInst-2018-2020-1
 Funding Scheme SME-1
 Starting year 2019
 Duration (year-month-day) from 2019-02-01   to  2019-05-31

 Partnership

Take a look of project's partnership.

# participants  country  role  EC contrib. [€] 
1    BITWALA GMBH DE (BERLIN) coordinator 50˙000.00

Map

 Project objective

The cryptocurrency-economy is soaring and industries in multiple countries around the world are emerging to offer businesses and individuals the services they need to make the most out of this new financial frontier. To put things in context, in March 2018, over $6.2 billion in Bitcoin was exchanged, an increase of 17.6x compared to the previous year, while in April 2018 the Chinese authorities announced a €1.3 billion fund for blockchain innovation. European startups are striving to lead this innovation as well: Bitwala is a German fintech company that has built a first-of-its-kind next generation bank account with crypto features. We bridge the gap between the crypto and fiat currency worlds by offering customers a fully licensed bank account with blockchain and cryptocurrency functions. European businesses will benefit by having access to the necessary infrastructure needed to start using cryptocurrencies to optimize their cross-border money transfers, explore different financial instruments and pave the way to start offering additional services to their customers. This also benefits European citizens, who have a safe infrastructure to invest in cryptocurrencies through a fully regulated bank account that offers a regular deposit insurance of €100,000 (and in the future a deposit insurance for crypto assets). In 2014 we founded Safaru B.V, a legal entity from which the Bitwala brand operated, transferring over €75 million for 78,000 business and private users from 120 countries around the world until end of 2017. In order to accommodate a shift in regulations, Bitwala pivoted in January 2018 to become a full crypto bank, signing a contract with a German white label bank (solarisBank AG) which provides the necessary legal umbrella. In 2020 Bitwala plans to offer other cost-effective blockchain-based assets (e.g. real estate, gold, stocks) that are not available to the general public due to high administration costs.

Are you the coordinator (or a participant) of this project? Plaese send me more information about the "BITWALA" project.

For instance: the website url (it has not provided by EU-opendata yet), the logo, a more detailed description of the project (in plain text as a rtf file or a word file), some pictures (as picture files, not embedded into any word file), twitter account, linkedin page, etc.

Send me an  email (fabio@fabiodisconzi.com) and I put them in your project's page as son as possible.

Thanks. And then put a link of this page into your project's website.

The information about "BITWALA" are provided by the European Opendata Portal: CORDIS opendata.

More projects from the same programme (H2020-EU.3.;H2020-EU.2.3.;H2020-EU.2.1.)

ECOBIOMASS (2019)

Achieving unique wines through an efficient production process

Read More  

DetectInMen (2019)

Infection detection in human semen

Read More  

Dyme (2019)

Dyme gives its users complete control over their financial situation. The Dyme application provides insight into users’ spending and subscriptions, and lets users cancel, negotiate, or switch any cont

Read More