Bitwala is aiming to build a blockchain driven bank and hold a first of its kind Equity Token Generation Event. As it is stated on Bitwala official website, its contactless debit card should bring the crypto and fiat worlds together.
On February 26, Bitwala announced that it is building a German online bank account for the blockchain generation in order to enable a seamless transition between the crypto and fiat worlds. It was stated that Bitwala plans to introduce the new Bitwala accounts within the next few months.
Bitwala Banking Service
Bitwala is building a full-fledged German bank account that will come with a German IBAN, BIC along with a real debit card from MasterCard, and Bitwala accounts will be fully regulated by The Federal Financial Supervisory Authority of Germany.
The new Bitwala account will come with a debit card that is linked to your account (no more bitcoin prepaid cards!). This means that the balance on your Bitwala account will be immediately available on your Bitwala contactless debit card as well. Having the new card will also mean that you will have much lower fees and higher spending limits.
Bitwala Official Statement
Moreover, it is worth noting that Bitwala has announced that it had implemented SegWit into the Bitwala Wallet and it became available for all users of wallet.