The sky seems to be the limit for Berlin-based blockchain platform, solarisBank, whose collaborations and infrastructure is helping drive adoption in Germany.
If you know a little bit of Latin, you may know that the term ‘Solaris’ means ‘of the sun’. Well, this platform has definitely been living up to its name by heating up the industry with its impressive collaborations.
SolarisBank Enters into Partnership
According to Sludgefeed, solarisBank will be partnering with Germany’s second-largest stock exchange, Börse Stuttgart Group (BSG), to assist the latter with the development of a crypto trading platform.
The CEO Alexander Höptner for BSG explained why the blockchain-based platform was selected for this collaboration:
With its combination of technology and banking expertise, solarisBank is a great partner for us to offer central services along the value chain for digital assets. SolarisBank’s blockchain factory helps us to take the trade in cryptocurrencies and tokens to a new level and set standards in transparency and reliability.
The trading platform will initially support Bitcoin and Ethereum. BSG previously announced that they would be developing a mobile trading app, with the help of Sowa Labs, which would be called BISON. This goal is closer to being realized thanks to the solarisBank technology and infrastructure that is now available to BSG.
Germany Welcomes Cryptobank
SolarisBank is also involved in another exciting venture, this time through Bitwala. The latter is a German-based startup that raised over $4.5 million in funding to open their cryptobank. They will offer a built-in Bitcoin wallet as well as traditional fiat banking services.
The startup’s bank account is actually operated by solarisBank and is supervised by Germany’s BaFin and Bundesbank. They are already providing services to their 40,000 customers.
The president and co-founder of Bitwala, Jörg von Minckwitz, discussed the advantages of combining disruptive technology with fiat currency services:
Bitwala’s 30-strong team did a stellar job in developing a service within the confines of banking regulation as a bridge between the traditional and crypto economies. This shows that cryptocurrencies can fit into regulatory frameworks which protect consumers and ultimately inspire trust.
SolarisBank is based in Germany’s capital city of Berlin. With its German banking license, it allows its customers to capitalize on the benefits of this innovative technology while still staying within the parameters of financial compliance.
What do you think of Germany adopting and embracing disruptive technology in this way? Let us know in the comments below!
Images courtesy of Pixabay.