Payment App Lydia Opens Access to Cryptocurrencies Through Bitpanda
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Nov. 22, 2021

French payments app Lydia has just integrated the services of broker Bitpanda, enabling this way its 5.5 million users to exchange more than 170 digital assets without any fees, CoinDesk has reported.

Lydia offers a wide range of services including current and shared accounts, express loans, instant bank transfers, mobile payments and investments.

Notably, the partnership with Bitpanda will allow the company's customers to invest in stocks, precious metals and ETFs.

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According to Eric Demuth, co-founder of the broker, the agreement will strengthen the position in France. In December 2020, the company received approval from the local Financial Markets Authority. He has said:

"France is a key market for Bitpanda and this is why we are currently opening up a local office in Paris and building a local team to own the growth in the market."

The company has previously signed a similar deal with Italian fintech startup Fabrick. The APIs from more than 500 local banks are available on the platform developed by the latter.

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