- 21Bitcoin officially shared an update on November 6, confirming that one of Germany’s oldest banks is providing funds, amounting to a significant 2.1 million euros.
- Investors stated in a press release that 21Bitcoin has proven itself and successfully attracted a customer base in Europe.
- Through this strategic partnership, 21Bitcoin aims not only to enhance the user experience but also to provide education to Europeans on the effective use of the rising Bitcoin in the market.
Volksbank Raiffeisenbank Bayern Mitte eG revealed that they have provided 2.1 million euros in funding to a company offering Bitcoin financial services.
Banking Giant Backs Bitcoin Company
The Bitcoin financial services platform 21Bitcoin has secured a substantial 2.1 million euros in funding. This funding came from the German Banking Giant Volksbank Raiffeisenbank Bayern Mitte eG. 21Bitcoin officially shared an update on November 6, confirming the details of this significant 2.1 million euros in funding and expressing optimism about the trust of the German Banking Giant in the company behind 21Bitcoin, FIOR Digital GmbH.
Investors stated in a press release that 21Bitcoin has proven itself and successfully attracted a customer base in Europe. They highlighted that the platform offers a different experience for Bitcoin, significantly different from other platforms that provide simpler, more user-friendly, and human-centered user experiences that better serve customer needs.
The 21Bitcoin application is excited about this funding and has shared a post emphasizing their vision for planned growth and improving customer services.
With this strategic partnership, 21Bitcoin aims not only to enhance the user experience but also to provide education to Europeans on the effective use of the rising Bitcoin in the market. The post shared by 21Bitcoin confirmed that the company has a strategic plan set to be implemented within the next two months and designed to guide the Bitcoin market.
2.1 Million Euros in Capital to Enhance Unique Features for Customers
The 2.1 million euro investment will be used to further develop the application for Bitcoin users. Additionally, the application will improve customer services for 21Bitcoin and offer 24/7 instant purchases, savings plans, and limited price orders. Expected features will include the ability to invest in Bitcoin on an hourly basis.
Furthermore, the platform supported by FIOR Digital GmbH is preparing for the seamless launch of the Lightning Network, which will have a single Bitcoin balance on both the layer 1 and layer 2 chains.
What sets them apart is their plans to expand the popular 21Private service and make it available to businesses, maintaining the traditional 21Bitcoin quality, which is simple, transparent, and cost-effective. They are also committed to obtaining a new European MiCAR license, in addition to being the first Bitcoin company with a license in Europe.
Another significant use of the capital is to operate in compliance with MiCAR guidelines and framework, offering services in the cryptocurrency space through a series of European Union intermediaries until 2024. With all these plans, 21Bitcoin, supported by FIOR Digital GmbH, aims to target more customers and users for Bitcoin services in Europe.
