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Curt Chadha said, “We are starting here because a quarter of the Austrian population lives in Vienna”. “Customers will be able to integrate the transaction confirmation to Bitpanda through the Raiffeisen application, with a familiar experience similar to the security of a bank transfer they are accustomed to.”

This step by the bank is noteworthy given that it has $215 billion in assets. Also, 17.8 billion customers across the European Union and Eastern Europe. Chadha emphasized while other banks generally focus on high-net-worth individuals, Raiffeisen‘s service is aimed at customers who have digital knowledge. This move is seen as an important step taken during a period when the rules are being clarified in regions where the adoption of cryptocurrency is increasing.

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