Deutsche Bank, one of the world’s top financial service providers, has joined forces with Bitpanda, an Austrian fintech company and crypto broker, to offer customers real-time payment solutions for asset transactions. This exclusive partnership will initially be available only to customers in Germany.

By partnering with Bitpanda, Deutsche Bank will enable fiat currency deposits and withdrawals from the crypto platform to be processed through the largest bank in Germany. This is a significant development as many banks have been hesitant to facilitate transfers to crypto exchanges.

Deutsche Bank’s global head of cash management, Ole Matthiessen, emphasizes that the bank’s approach will be cautious. They will only collaborate with partners and clients who have strong compliance processes, operate in regulated environments, and meet the bank’s risk expectations.

While Deutsche Bank will not be involved in transferring customers’ crypto assets, they will provide support for Bitpanda’s treasury and payment processes, helping clients efficiently move funds in and out of their portfolios.

Kilian Thalhammer, the global head of merchant solutions at Deutsche Bank, states that their aim is to become the preferred bank for high-potential crypto platforms, positioning themselves as the go-to financial institution for crypto investing.

Bitpanda views this partnership as a significant milestone for the crypto industry. According to their press release, they are the first crypto platform in the world to partner with a major international bank to offer real-time payment services to their users.

It is important to note that the opinions expressed in this article are not investment advice, and investors should conduct their own research before making any high-risk investments in Bitcoin, cryptocurrency, or digital assets. Transfers and trades in these assets are done at one’s own risk, and any resulting losses are the responsibility of the individual. The Daily Hodl, the source of this article, does not endorse the buying or selling of cryptocurrencies or digital assets, nor do they provide investment advice.