Deutsche Bank’s cautious step towards the world of Ramsar

Deutsche Bank Deutsche Deutsche, the German Banking Bank Bank, will work with Ramsar BitPanda’s currency exchanges to process customers in Germany in a move that shows more close proximity to the traditional financial system.

The Ramsrs industry had difficulty finding a bank partner, especially after the bankruptcy of the Silvergate Capital Corp, Signature Bank, and Silicon Valley Bank, which mainly worked with Ramsar customers, was difficult to find a banking partner.

But in the latest sign of Ramsar’s convergence with the mainstream, Deutsche Bank will provide a dedicated local bank account number. This means that the deposit of Fiat currencies (common money) from BitPanda will be done through Germany’s largest bank. It should be noted that some banks have still restricted the transfer of funds to their customers.

BitPanda, founded in Vienna, founded in year 6, claims to have more than 5 million users and offers products including deficit shares, digital currencies and precious metals.

As the relationships between Ramsar and the traditional financial system deepen, concerns have been raised by regulatory agencies about the spread of Ramsar market fluctuations to the main financial system, although analysts emphasize the limited intercourse between the two sectors.

Deutsche Bank’s World Cash Management Global Head of Deutsche Bank has described the adopted approach very cautiously. “Our cooperation with the very selective partners and customers is only to indicate strong adaptation processes, activities in the monitoring environment, and meet our high -risk expectations,” he said in an official statement.

Matthiasne emphasized that Deutsche Bank is not involved in direct digital currency transfer through this agreement, but rather focusing on facilitating the transfer of customer funds to their assets portfolio and vice versa, as well as supporting the Treasury and BitPanda Payment processes.

Kilian Talaroumer, the World Business Solution Department at Deutsche Bank, said the bank wants to be the “Bank of High Potential Platforms” in the world of virtual assets. A spokesman for Deutsche Bank said the bank has a similar cooperation with Hong Kong‘s Hashkey Ramsar currency exchange, but BitPanda is the first customer of this type in Europe, the Middle East and Africa. A spokesman for BitPanda noted that the currency exchange as an organizational customer is currently working with Deutsche Bank in Austria and Spain, but these partnerships are not customer -centric.