Bitwala was founded in October 2015 by Jörg von Minckwitz, Jan Goslicki, and Benjamin Jones.
In the past, Bitwala offered services to enable crypto to fiat transfers, providing users with an easy option to cash out, make bank transfers and pay their bills.
In addition, users could load their prepaid card through a cryptocurrency transfer, which we converted to fiat.
After successful funding rounds, Bitwala's development was honoured by several fintech startup awards.
After the revocation of the VISA license held by WaveCrest Holdings LTD in early 2018 and the end of the relationship with our former traditional bank, Bitwala underwent various developmental changes to create a true blockchain banking experience.
During Q4 of 2018, Bitwala relaunched as a fully-licensed blockchain banking solution backed by the Compensation Scheme of German Banks.
