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.

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

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.)

VINOQUANT11SUPERPLUS (2019)

A digital based system for measuring, showing and regulation of the complexe system of wine feremtation with high precision via a Bluetooth -Refractometer, a Software and a Bluetooth Thermostat

Read More  

Colourganisms (2020)

Microbial production of custom-made, pure and sustainable anthocyanins

Read More  

TAPPXSSAI (2019)

Development of a system for automatic ad insertion into on-demand streaming video to provide new monetization mechanisms to the media industry

Read More