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As another year ended, for the crypto industry, it is a year well passed. Amongst advancements in the whole industry, Bitwala seems to have left a strong footprint. Bitwala has launched the biggest break since its inception- the world’s first crypto bank account. Here is a massive step towards merging the fine line between the fiat currency and cryptocurrency. Let’s see the major steps Bitwala has taken in this significant 2019.
As mentioned earlier, the biggest event for Bitwala was the creation of a crypto bank account. There have always been reservations amongst the market participants in the real utility of cryptocurrencies in the financial world. Bitwala has taken the responsibility to mitigate the gap and it has done quite well. In its organization base, it has improved as well. It started operation with a small team that has now converted into a workforce of 60 professionals belonging to over 25 nations as it stepped into its fourth year.
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Amongst all of its associations, the major one is its partnership with CryptoTax with the aim of providing custom tax reports. It has also increased the limit of trading volume to 30,000 euros for seven days. For the convenience of its users, it has rolled out a smooth app for both Android and iOS with an easy user interface.
The year 2019 gave Bitwala the recognition of becoming one of the well-funded cryptocurrency start-ups in Europe as it received 13 million Euros. Bitwala has shipped its crypto cards to over 32 nations. The users of Bitwala come from 168 nations. The most exciting fact is that the customer with the furthest distance from Bitwala’s Berlin office is 17,745 km away.
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With these major developments, Bitwala doesn’t seem to be complacent anytime soon. It is closing this year with the anticipation of many more exciting developments for 2020. As Bitcoin will be celebrating its 11th Birthday next year and its halving is also scheduled, Bitwala seems to be ready for the new developments. With a promise of adding many more cryptocurrencies, Bitwala is bidding farewell to this exciting year.
