Bitpanda joins the Visa Fintech Partner Connect program
Austria-based fintech Bitpanda has joined the Visa Fintech Partner Connect program and announced plans to expand beyond Europe.
Through this collaboration, Visa’s partners will have the opportunity to access Bitpanda’s investment infrastructure solutions. In short, financial institutions, banks and fintechs will be able to offer trading and investment services for asset classes such as stocks/ETFs, precious metals, cryptos and commodities to their end customers.
According to prnewswire.com, banks and fintechs from around the world are responding to an increase in user demand for crypto by working on their own crypto use cases. These include offering investments to private clients, private banks, high net worth individuals or companies for their treasury activities. Bitpanda expects crypto adoption to continue to grow at a rapid pace in the following years as regulatory bodies provide a clearer framework for banks to safely engage in the crypto industry.
More information about Bitpanda Technology Solutions
Launched in January 2023, Bitpanda Technology Solutions (BTS) represents an expansion of the company’s B2B offering. According to prnewswire.com, the fintech unicorn already provides over 20 million European customers with access to crypto trading via its infrastructure, and partners can build their own user experiences on an ISO 27001-certified infrastructure.
Following the product launch, Bitpanda officials emphasized how BTS can provide an improved investment experience for end users as well as institutional investors. They also highlighted how this new product can help financial institutions manage a growing demand for modern investment solutions. They described BTS as a way for institutions to achieve a rapid time-to-market while remaining compliant and avoiding high start-up costs.
The Bitpanda infrastructure is composed of a modular system that allows users to choose which features they want to use via a single API integration. These services include savings plans, asset-to-asset swaps, crypto staking, fractional shares and full blockchain services. As for cryptocurrency custody, it is provided by the Bitpanda Custody service.
Apart from launching this new investment-as-a-service offering, Bitpanda has also expanded its European presence by obtaining a crypto depository and proprietary trading license from Germany’s financial regulator (BaFin) in November 2022. The Austrian unicorn joined four other entities which are listed as licensed crypto depository companies in BaFin’s database, namely Coinbase, Kapilendo, Tangany and Upvest.
Some of the company’s partners include German digital bank N26, French money app Lydia, UK fintech Plum and Italian Open Banking provider Fabrick.
