Bitwala Raises €800,000 for Bitcoin SEPA Transfers

[vitocorp]

Bitwala has raised €800,000 (about $910,000 at press time) to expand its online bitcoin payment service and grow its customer base and operations team.

Investors in the round included High-Tech-Gründerfonds (HTGF), KfW Banking Group and Digital Currency Group. Deutsche Post DHL, Deutsche Telekom and RWE also participated in the round.

http://www.coindesk.com/bitwala-raises-e800000-bitcoin-sepa-service/

[LiteCoinGuy]

the investors are the most interesting part in that news.

[Amph]

still a tiny drop in the water, if you think that this is not even a million, and you need at least a sum of a billion to move bitcoin at this point

still a tough way to reach 100B market cap at those rates

[calkob]

the investors are the most interesting part in that news.

Agreed there are some big names there, Bitcoin is getting some really good news these last few weeks, after the whole blocksize debate that still isnt solved.

[Gyrsur]

the investors are the most interesting part in that news.

Agreed there are some big names there, Bitcoin is getting some really good news these last few weeks, after the whole blocksize debate that still isnt solved.

Investors in the round included High-Tech-Gründerfonds (HTGF), KfW Banking Group and Digital Currency Group. Deutsche Post DHL, Deutsche Telekom and RWE also participated in the round.

[LFC_Bitcoin]

still a tiny drop in the water, if you think that this is not even a million, and you need at least a sum of a billion to move bitcoin at this point

still a tough way to reach 100B market cap at those rates

Every little helps but yeah 100B is a lonnng way away. What kind of price would 1 bitcoin be with a market cap like that?

The thought is making me aroused (joke).

[Wendigo]

Bitwala is a Dutch company right? Looks like they have gathered a lot of investors from Germany and these are some of the biggest firms at that. I also got curious and checked out the site and their 0.5% fee sounds good to me. I am not very familiar with SEPA transfers but is there another payment processor that has a lower fee than that?

[Amph]

still a tiny drop in the water, if you think that this is not even a million, and you need at least a sum of a billion to move bitcoin at this point

still a tough way to reach 100B market cap at those rates

Every little helps but yeah 100B is a lonnng way away. What kind of price would 1 bitcoin be with a market cap like that?

The thought is making me aroused (joke).

well the math is easy, you have currently 6.5B and 420 price, so it would be 16x higher, which is 6400+ for one bitcoin

[Kprawn]

Barry Silbert and the Digital Currency Group (DCG) would not back something, if they did not believe it has huge potential for growth... You have to give credit to Bitwala for being self-funded from

the start and making huge strides in the African/Asia markets and also over Europe. I think they will grow much faster now, and we will soon see more VC flowing towards them, as they grow into

more countries world wide. 

[tyz]

Agree, especially German KfW Banking Group. The bank is completely state-owned. This means, a big European country is indirectly supporting Bitcoin and blockchain. This is really surprising.

the investors are the most interesting part in that news.

[hv_]

Sure it is not a late April joke?

Names are really big, but invers is the money....

[countryfree]

Thanks, you made me discover Bitwala. It's an interesting concept. I can make free SEPA transfers with my bank account, but if I want to use BTC, I first need to sell some, so Bitwala might prove handy in that case. I guess I'll open an account.

[avikz]

Another welcoming news even though the investment is not even a million dollar.

This trend of raising fund in bitcoin has started few years ago, and we can see serious investments are flowing in, even though it is less.

But we have to understand that majority of the world population don't know about blockchain technology, they don't have any idea that money can be mined digitally.

Considering this factor, the investment amount is not less. Wish to see more and more such companies investing in blockchain technology or to related companies.

[wisecoin]

Bitwala is a Dutch company right? Looks like they have gathered a lot of investors from Germany and these are some of the biggest firms at that. I also got curious and checked out the site and their 0.5% fee sounds good to me. I am not very familiar with SEPA transfers but is there another payment processor that has a lower fee than that?

Bitwala has a German team and are registered as a company in the Netherelands, that is why the investors are mostly from Germany.

We offer a similar service at Cashila.com if you are interested. The fee is 1%, but we offer a better price for your Bitcoin than Bitwala.
We do all the EU and have a license to do Bitcoin to SEPA transactions from the Czech National Bank + you can buy bitcoins with us and use your account as a bank account. Feel free to try it

[Wendigo]

Thank you for the kind explanation. Everything now makes sense and at first when I saw that they were from the Netherlands as noted on the bottom of their website and the investors were completely German companies I thought something seemed kinda strange. Why would they register Bitwala in the Netherlands and not in Germany though? Maybe the taxes are lower there I don't know.
I will check out Cashila.com too. It would be great if my country in the EU is supported. Thanks.

[Denker]

still a tiny drop in the water, if you think that this is not even a million, and you need at least a sum of a billion to move bitcoin at this point

still a tough way to reach 100B market cap at those rates

This is true. But as a few already have mentioned.Look at the investors!!
High-Tech-Gründerfonds (HTGF), KfW Banking Group, Digital Currency Group, Deutsche Post DHL, Deutsche Telekom and RWE.
Except DCG the others are all german giants!

[bitwala]

Bitwala is a Dutch company right? Looks like they have gathered a lot of investors from Germany and these are some of the biggest firms at that. I also got curious and checked out the site and their 0.5% fee sounds good to me. I am not very familiar with SEPA transfers but is there another payment processor that has a lower fee than that?

Bitwala has a German team and are registered as a company in the Netherelands, that is why the investors are mostly from Germany.

We offer a similar service at Cashila.com if you are interested. The fee is 1%, but we offer a better price for your Bitcoin than Bitwala.
We do all the EU and have a license to do Bitcoin to SEPA transactions from the Czech National Bank + you can buy bitcoins with us and use your account as a bank account. Feel free to try it

Just stumbled upon this. cashila.com is a great service and we appreciate the competition. However, you should always check the price prior to using a service and don't take our word that we offer the best price. But most of the time, we do. 

Example: Right now bitwala pays 406.82 EUR/BTC + 0.5% fee and cashila pays 404.95 EUR/BTC + 1% fee. Both good prices, but we are cheaper! 

[Elwar]

Love using bitwala.

I paid my rent in bitcoins using that service and have paid several of those damned automatic camera speeding tickets.

[LFC_Bitcoin]

still a tiny drop in the water, if you think that this is not even a million, and you need at least a sum of a billion to move bitcoin at this point

still a tough way to reach 100B market cap at those rates

Every little helps I guess, we're not going to have massive news at the moment. Despite what some may say Bitcoin is still in its infancy. We need to be patient.

100B market cap though wow, what would the price of 1 Bitcoin be then?

[Slowturtleinc]

A great bit of news,hopefully Bitwala becomes more a player and allows people in that area of the world to use crypto technology like those in the West are currently starting to do more daily.
Africa,Asia and the Middle East would be big help to bitcoin if one of them started to adopt to the chain.