Bitpanda, the fintech unicorn, has grown its cooperation with Deutsche Bank to offer real-time payment solutions for both incoming and outgoing transactions to users in Germany.

This API-based account service will give Bitpanda access to German IBANs, simplifying and boosting the user experience while ensuring confidence, speed, and efficiency.

This is the latest action made by Bitpanda in an effort to offer an individualised local solution and to assist the company’s ongoing efforts to solidify its position as the primary digital asset trading platform in Europe.

Deutsche Bank has been assisting Bitpanda’s operational needs in Austria and Spain as its European Hausbank for cross-currency solutions.

Moreover, Bitpanda is a regulated multi-asset broker platform that provides retail investors with access to over 2,800 carefully selected virtual assets and indices, as well as stocks, ETFs, and commodities.

Deutsche Bank is Bitpanda’s newest large institutional partner as the company continues to expand rapidly.

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Collaboration with traditional financial services providers is a primary objective for the unicorn in 2024, as it believes that integration will determine the industry’s future.

Lukas Enzersdorfer-Konrad, deputy CEO of Bitpanda, said: “Bringing the best parts of the industry together is where we can create real value for people.  Deutsche Bank’s commitment to working with new and innovative players in the financial industry continues to make our partnership possible. From today, we can access a range of Deutsche Bank’s products, unlocking benefits for our team and our users.”

Kilian Thalhammer, global head of Merchant Solutions, Deutsche Bank, added: “We are always looking to partner with companies who share our commitment to user safety and security. With Bitpanda, a recognised and regulated fintech provider, we are confident to help build a secure and trusted environment for users in this innovative field of virtual asset investing. With our strategy to be the bank of choice for the high-potential platforms, the partnership with Bitpanda represents a key milestone as we shape this emerging ecosystem through active engagement with leading industry players.”