Austrian banking conglomerate Raiffeisen Bank International (RBI), which operates extensively throughout Central and Eastern Europe, is broadening its cryptocurrency initiative via a comprehensive group-wide alliance with Bitpanda.
As stated in a collaborative declaration on Wednesday, Bitpanda Enterprise will supply the technological framework for digital assets that network banks under RBI can utilize to roll out cryptocurrency offerings, potentially serving roughly 18 million users according to the release. The enterprises noted that separate banks will define their specific services and deployment schedules based on regional regulatory standards and market conditions.
Michael Höllerer, CEO of RBI, stated that the financial institution observes a rising interest in cryptocurrency assets across its territories and is meeting this demand by partnering with Bitpanda.
“Operating as a client-focused bank, we remain dedicated to fulfilling our customers’ expectations in the most effective manner possible,” he expressed.
A representative for Bitpanda informed Cointelegraph that the implementation remains in an initial phase and will advance gradually depending on local regulatory rules and market environments, with additional specifics to follow as individual jurisdictions are validated.
This collaboration expands upon a digital asset rollout established alongside Austria’s Raiffeisenlandesbank Niederösterreich-Wien back in 2024.
Bitpanda, which holds certification under the European Union’s Markets in Crypto-Assets Regulation (MiCA), mentioned to Cointelegraph that it frequently engages in talks with financial entities and banks investigating cryptocurrency brokerage solutions, though it declined to provide statements regarding ongoing or private discussions.
Related: Banks double on EU MiCA crypto provider list as share hits 23%
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Originally published at https://cointelegraph.com/news/raiffeisen-crypto-11-european-markets-bitpanda?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound.
