German Online Bank N26 Announces Crypto Trading Expansion to 5 More European Nations
N26 recently launched N26 Crypto, a new digital currency trading initiative it hopes would gain traction across the West.
N26 recently launched N26 Crypto, a new digital currency trading initiative it hopes would gain traction across the West.
N26 enabled its trading tools via APIs from Bitpanda White Label.
Despite the economic downswing which has made Klarna wants to lay off staff, fintech like Revolut and Wise are not cutting jobs.
Currently, N26 wants to ready an IPO by the end of 2022. However, the bank also has other plans if higher interest rates hampers its plans.
The decision by N26 to launch crypto and equities trading comes after the fintech discontinued operations in the United States.
N26 is competing established banks by introducing app-based checking accounts without the need to pay any additional fees.
The coronavirus pandemic has significantly fueled the adoption of digital payments and pushed banking services away from the traditional system.
Stripe plans to use the funds to expand its European headquarters business and its general businesses in Europe as well.
Credit Suisse is to launch a digital banking app to rival the likes of Revolut and N26. The CSX app will feature free online banking tools, including an online debit card and other capabilities such as mortgage applications, investments and pensions.
As it braces for the financial atmosphere after the coronavirus pandemic passes, N26 has pulled in new funding and is eyeing the Brazilian market.