Dwpbank Launches wpNex, Offers BTC Trading To Retail Customers
- Dwpbank will launch wpNex platform offering Bitcoin to retail customers of its 1,200 bank partners.
- The new service will not require additional KYC procedures and will integrate crypto accounts alongside traditional accounts.
- Tangany and Tradias will participate in the initiative, and the bank plans to introduce other cryptocurrencies in the future.
German bank Deutsche WertpapierService Bank (Dwpbank) is providing securities processing services to approximately 1,200 banks and has announced the launch of a new platform called wpNex. This new platform is set to provide Bitcoin to all retail customers affiliated with its partners in the latter half of the year.
As per reports from local media, the upcoming service will integrate crypto accounts alongside the traditional accounts of bank customers, and will not mandate any additional Know Your Customer (KYC) procedures.
Tangany, a Wallet-as-a-service provider, and Tradias, the digital asset trading service offered by Bankhaus Scheich, will also be involved in the new initiative. Under this service, retail customers will not be in possession of private keys. Heiko Beck, the CEO of Dwpbank, stated that the ban…
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