bitpanda-custody-joins-the-bosonic-network

Bitpanda Custody joins the Bosonic Network™

 

Bosonic, a decentralised Financial Market Infrastructure (dFMI) business, and Bitpanda, one of the fastest growing fintechs in Europe, today announced that FCA-regulated Bitpanda Custody has joined the Bosonic Network™ to meet the growing demands for institutional clients’ need for a UK-based digital asset custodian.

Bitpanda Custody (formerly known as Trustology) will also join the ‘Bosonic Cross Custodian Net Settlement Working Group’ as Bosonic prepares to launch the service later this year. This will be an industry first, and set a new standard for payment versus payment (PvP) atomic swap settlement and netting across an institutionally aligned and global network of independent custodians, eliminating counterparty credit and settlement risk between these institutional players.

Rosario Ingargiola, Bosonic CEO said, “With the growth of the institutional digital assets market, specifically from the family office/wealth, buy-side world, there is significant demand for separate custody provided by regulated or qualified custodians. The need to protect clients’ data and assets is paramount and fundamental to the fiduciary responsibility of these clients. We are delighted to have Bitpanda Custody join the Bosonic Network™ and look forward to helping them service their institutional clients.”

Alex Batlin, Bitpanda Custody Managing Director, adds: “Bitpanda Custody is pleased to join the Bosonic working group to help institutional clients reduce end-of-day settlement risk and costs, whilst improving capital efficiency, all backed by an insured, regulated crypto custodian.”

bitpanda-appoints-irina-nicoleta-scarlat-from-revolut-as-its-first-chief-growth-officer

Bitpanda Appoints Irina Nicoleta Scarlat From Revolut as Its First Chief Growth Officer

 

Bitpanda, the European digital investment platform and Austria’s first unicorn, has named Irina Nicoleta Scarlat as its first Chief Growth Officer (CGO), effective immediately.

In this newly created C-level role, Irina will take over Bitpanda’s business development and marketing teams, overseeing and driving the company’s expansion plans. She will be leading the company’s complete growth strategy, uniting the expertise from across multiple teams and country locations to uncover new opportunities and continue to rapidly expand the company’s global footprint.

Irina brings more than a decade of tech industry experience to Bitpanda. Her latest role was as the Global Head of Growth at Revolut, having joined the company in 2018 where she drove the growth of the local market from 20,000 to approximately 1.5M users. She built Revolut’s growth machine, led the growth teams in CEE and, later on, their Global Growth department, shaping Revolut’s growth journey from 1M to 15M users globally.

Before Revolut, Irina built and led Uber’s marketing function in Romania, shaping their local strategy and launching key regional projects and initiatives that grew the market to 1M users and expanded local operations to three cities.

Eric Demuth, Bitpanda CEO, said: “Irina has a proven track record of breaking into and rapidly scaling new markets in the fintech industry. At Bitpanda, we have ambitious growth plans and as we continue in our hypergrowth journey, we are confident that with Irina leading our country management and expansion efforts, as well as our Business Development and Marketing teams, we will not only diversify into new markets but will also accelerate the growth of our current operations. Her unique experience in fast-paced environments combined with her ambition, drive and global mindset will help us bring the world of investing closer to everyone, everywhere.”

Irina Nicoleta Scarlat, Bitpanda CGO, commented: “Europe is lagging behind the US & Asia markets when it comes to investment literacy and many people are unaware of the possibilities they have at their fingertips. I strongly believe in Bitpanda’s mission to change this by offering people instant access to financial products as well as the resources they need to properly understand them. On top of all this, Bitpanda is a company with an amazing culture, balancing hypergrowth with care for their teams, and I immediately sensed this when speaking with both the founders and executive team. I am delighted to be joining this incredible company and am confident that we’ll grow Bitpanda into the number one investment platform in Europe and beyond, together.”

This year, Bitpanda surpassed several milestones, including growing our base to more than  2.5 million users and 500 employees, as well as receiving one of the largest Series B rounds in Europe with an additional extension in May. To ensure the continued scale of Bitpanda, Irina’s experience will be used to drive the company’s expansion efforts, ensuring the business is ready for the next stage of its ambitious growth journey.

Throughout 2020, Bitpanda opened offices in FranceSpainTurkey and Italy, opening an innovation hub in Krakow in December that saw the amount of Bitpanda’s team members double. The digital investment platform now intends to expand into new European markets, with plans to open a tech hub and office in Barcelona, alongside future talent hubs in London, Milan, ParisBerlin and Istanbul.

contis-and-bitpanda-issue-multi-asset-debit-card

Contis and Bitpanda issue multi-asset debit card

 

A new Visa debit card from European neobroker Bitpanda launched this week. Combining Contis’ unique “zero-balance” Buffer technology with Bitpanda’s European-wide, multi-service platform has created one of the most powerful multi-asset propositions available – the Bitpanda Card.

New ‘zero balance’ technology removes the need to liquidate assets before spending. Any digital assets a user has in their Bitpanda account can now be converted automatically to fiat at point-of sale, both online and in store, wherever Visa is accepted.

With more than 55 digital assets such as cryptocurrencies, precious metals and fiat available to hold on the Bitpanda platform, this card pushes the boundaries of crypto and asset spending in Europe. The card can be linked to any asset in a user’s Bitpanda portfolio and through the app, cardholders can easily switch, say from cryptocurrency to gold, and spend in real-time.

Contis Executive Chairman, Peter Cox, said: “Crypto continues to move forward at pace, and Contis is proud to spearhead the charge with partners such as Bitpanda. We’ve seen record levels of crypto investing this past year and cryptocurrencies are increasingly being used as an everyday currency as well as an asset.

“Combining the practicality of fiat with the benefits of blockchain has helped prove the long-term legitimacy of digital finance. A card that allows seamless spending is one of the leading-edge innovations for crypto accounts.

“We’re seeing considerable uptake among crypto providers for card products that include ‘zero balance’ capabilities. In partnership with Contis, industry leaders such as Bitpanda continue to drive innovation in spending crypto and deliver cutting edge products for their customers.”

Eric Demuth, co-founder and CEO of Bitpanda, said: “Launching the Bitpanda Card together with Contis is another step in our leading vision of the personal finance revolution, allowing everyone to spend any of their assets, be that with crypto, metals, or fiat, as they please – easily, 24/7. No topping up is required. Everything that holds value should be treated equally and should be possible to use as you wish. The Bitpanda Card is the missing piece of the puzzle in the world of digital finance.”