Raiffeisenlandesbank Will Provide Crypto Investments

The Raiffeisenlandesbank in Austria wants to be the first traditional European bank to offer its customers investments in cryptocurrencies and other digital assets.

BitPanda Technology Solutions is helping the co-operative banking group build the SaS trading platform it needs to reach its goals. The Austrian crypto tech company will give RLB NO-Wien a white label package that includes API access to its digital asset exchange.

Users will be able to put as little as one euro into the market. Along with digital services for investing in stocks, ETFs, rare metals, and commodities, there will also be digital services for investing in cryptocurrencies.

“In the spirit of absolute customer focus, we stand by our customers as a reliable and strong partner. Personal advice is just as important as digital solutions that are up-to-date,” emphasises Michael Höllerer, CEO of Raiffeisenlandesbank NÖ-Wien: “The deal with Bitpanda aims to expand our product range with an innovative, secure facet and enable all customers to easily accumulate wealth.”

RLB NÖ-Wien plans to make the new offering available to all customers segements, including retail, private banking and corporate customers.