Bitwala is regulated and offers fiat and cryptocurrency services in 32 European countries under license from leading German bank SolarisBank AG.
Users can buy as little as 30 Euro worth of Bitcoin and hold it in the free Bitcoin Interest Account while receive interest payouts weekly.
The Bitcoin in the accounts is lent out through the Celsius Network to ‘trusted partners. Funds can be converted back to Euros immediately.
In a statement, Bitwala CEO Ben Jones referred to the Bitcoin halving as a reminder that “state money (fiat) cannot be inflated eternally”:
“At this time, more and more people trust in Bitcoin. Bitwala is the everyday bridge to it. We are now partnering with Celsius Network, the world’s leading provider of crypto loans, so that our customers can leverage Bitcoin holdings wherever they are”