Many German Banks Are Now Able To Offer Bitcoin Thanks To Dwpbank

The new Deutsche WertpapierService Bank AG (Dwpbank) platform will allow the 1,200 banks that it serves to give their German retail clients the possibility to invest in Bitcoin (BTC). The 1,200 German banks for which Deutsche WertpapierService Bank AG (Dwpbank) provides services will be able to allow its retail clients to invest in Bitcoin (BTC) thanks to the company’s new platform.
Actually, Dwpbank is a banking entity that acts as a middleman for several German savings banks when it comes to the processing of financial asset transactions. This innovation will be made possible via wpNex, the new Dwpbank platform. Tangany, a corporation licensed by BaFin, the German financial authority, will offer custody services for this new product. Market orders will be handled by Bankhaus Scheich, while Valantic will work on the software.

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