Opendata, web and dolomites


Next generation banking tools for the blockchain economy

Total Cost €


EC-Contrib. €






 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.

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

Project "Bitwala" data sheet

The following table provides information about the project.


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
 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


Take a look of project's partnership.

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


 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.

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

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