Yesterday Berlin-based startup Bitwala
announced it has raised €13 million ($14.4 million). It claims the investment is the largest ever for a German blockchain firm. Among the investors is Sony Financial Ventures, the tech giant’s investment arm, and UK based blockchain investment bank NKB Group.
Bitwala offers a platform combining a cryptocurrency wallet and trading system with a conventional bank account, which comes with a debit card for day to day use. The firm aims to bridge the gap between blockchain currency and regular banking, allowing customers to trade money in their bank account for bitcoin directly.
This vision has caught the attention of Sony, which launched its investment arm with venture capital firm Global Brain, which is also investing. Bitwala is the first blockchain firm Sony has funded.
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