Platform providing Bitcoin financial services, 21Bitcoin secured a huge funding of €2.1 Million. The funding was made by German Banking Titan Volksbank Raiffeisenbank Bayern Mitte eG,

On November 6, 21Bitcoin took to Twitter and shared the update officially, confirming the funds from one of Germany’s most established banks. 

Volksbank Raiffeisenbank Bayern Mitte Believes in Potential of 21Bitcoin

Expressing optimism about the huge €2.1 Million funding, the German Banking said, they have faith in FIOR Digital GmbH, the company behind the Bitcoin financial service platform 21Bitcoin. 

In a press release, the investors said, that 21bitcoin has proved itself and holds a success story, attracting a generation of customers in Europe. They said, the company offers a platform for Bitcoin, which is significantly not similar to other platforms, as it provides a simpler, more humane, and better user experience and maintains the needs of their customers.

Meanwhile, excited about the funding, the 21Bitcoin app shared a post on X, highlighting their vision of planned growth and the use of funds for customer service enhancement.

The 21Bitcoin said, that with this strategic partnership, they will not only enhance the experience for users but also educate the people of Europe about the use of Bitcoin, which is rising in the market efficiently. The company has a strategic plan which is expected to be rolled out in the next two months, to rule the Bitcoin market, confirmed the tweet shared by 21Bitcoin.

Also Read: Whale Moves 24 Mln XRP To Exchange Amid XRP Price Rally

Capital of €2.1 Million will be Used for Unique Features for Customers

The investment of €2.1 Million will be used for the development of the application, for Bitcoin users. Furthermore, the application will enhance their customer service with 21bitcoin, an addition to 24/7 instant purchases, savings plans, and limit price orders. 

The other features expected to be rolled out are investment in Bitcoin automatically on an hourly basis. 

Moreover, the platform backed by FIOR Digital GmbH is also preparing to seamlessly launch the Lightning Network, which will have a single Bitcoin balance, making Bitcoin sales both on-chain and lightning easier.

What will be different is their plan to expand the popular 21Private service which will be extended to companies, in the usual 21bitcoin quality – simple, transparent, and cost-effective.

They also confirmed to get a new European MiCAR license, making it the first Bitcoin company to have the license.

Another major use of capital will be used to align with the MiCAR guidelines and framework, and offering and advertising services in the field of cryptocurrencies, applying through several European unions by 2024.

With all the plans, FIOR Digital GmbH-backed 21Bitcoin will be aiming for more customers and users for Bitcoin services in Europe.

 Also Read: Ethereum Price Under Pressure As $400 Million Of Open Interest Wiped Out

The post 21Bitcoin Secures €2.1 Mln Funding To Boost Bitcoin Financial Services appeared first on CoinGape.

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Filed under: News - @ November 6, 2023 9:24 am