The Austrian subsidiary of European lender Raiffeisen Financial institution is getting ready to permit its purchasers to commerce cryptocurrencies like Bitcoin (BTC) within the coming months.
After initially saying 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 begin 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. By way of this cooperation, we plan to supply a horny digital funding platform early in 2024,” the consultant acknowledged, including:
“We now have seen the demand from prospects for straightforward, intuitive, digital funding platforms. Our most important 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 achieve entry to all cryptocurrencies supplied by the financial institution’s accomplice Bitpanda, the spokesperson 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 choices, which characteristic 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 prospects.
“As we introduced in April, the tip objective is to make our supply accessible to all RLB NÖ-Wien prospects. Nonetheless, the rollout will start with their prospects in Vienna,” a spokesperson for Bitpanda famous.
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Raiffeisen’s transfer into crypto is one other signal of Bitcoin’s rising adoption, with corporations like Ferrari beginning to settle for cryptocurrency as cost 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 below administration and 219 billion CHF ($248 billion) in shopper loans.
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