German online bank Bitwala has just added support for BTC deposits with an annual interest rate of up to 4.3%. According to the bank, interests are paid on a weekly basis.
Bitwala has teamed up with the crypto lending platform Celsius Network to launch this new feature. Bitwala has thus become the first traditional bank to pay interest for storing Bitcoins.
Bitwala offers the possibility of buying Bitcoins, with a minimum amount of 30 euros. However, it is not the only place where users can buy this crypto asset, as other platforms also allow their users to buy cryptocurrency with credit card.
In addition, the bank does not charge any kind of fee for storing the crypto. Users can convert their investments into euros at any time.
Bitwala CEO Ben Jones said:
"At this time, more and more people trust in Bitcoin. Bitwala is the everyday bridge to it."
Bitwala offers fiat and crypto services in 32 European countries under license from leading German bank SolarisBank AG.
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