In an exciting development, the Bitcoin financial service platform, 21Bitcoin, has secured a substantial investment of €2.1 million. The funding comes from Germany’s reputable banking giant, Volksbank Raiffeisenbank Bayern Mitte eG. This boost in capital aims to improve the Bitcoin experience for users across Europe. In this blog, we’ll delve into the details of this investment, explore what 21Bitcoin offers, and discuss its future plans.
21Bitcoin is a platform that provides Bitcoin financial services. It has recently gained significant attention and validation by securing a substantial investment of €2.1 million from Volksbank Raiffeisenbank Bayern Mitte eG, one of Germany’s well-established banks. This financial support is a testament to the faith the investors have in FIOR Digital GmbH, the company behind 21Bitcoin.
About the Funding
The €2.1 million investment is a clear indication of the belief that Volksbank Raiffeisenbank Bayern Mitte eG has in 21Bitcoin. In a press release, the investors emphasized 21Bitcoin’s success story, which has attracted a growing number of customers across Europe. They noted that the platform offers a unique and more user-friendly experience compared to other Bitcoin platforms, catering to the needs of their customers.
21Bitcoin expressed their excitement about the funding, sharing their vision for planned growth and customer service enhancement. They have ambitious plans to not only improve the user experience but also educate the people of Europe about the efficient use of Bitcoin. The company has a strategic plan set to roll out in the coming months, positioning them to make a significant impact on the Bitcoin market.
How the Capital Will Be Utilized
The investment of €2.1 million will be directed towards the development of the 21Bitcoin application, benefiting Bitcoin users. The application will undergo improvements to enhance customer service, including features such as 24/7 instant purchases, savings plans, and limit price orders.
One of the noteworthy additions will be automatic hourly Bitcoin investments, making it easier for users to invest in Bitcoin regularly. The platform is also gearing up to launch the Lightning Network, which simplifies Bitcoin sales by offering a single Bitcoin balance for both on-chain and lightning transactions.
Furthermore, 21Bitcoin is planning to expand its popular 21Private service to cater to companies. This extension will retain the platform’s core principles of being simple, transparent, and cost-effective. Additionally, they have secured a European MiCAR license, making them the first Bitcoin company to possess such a license.
The capital will also be allocated to ensure compliance with MiCAR guidelines and framework. This will enable 21Bitcoin to offer and advertise cryptocurrency services within several European unions by 2024, expanding their reach and services significantly.
21Bitcoin‘s recent funding of €2.1 million from Volksbank Raiffeisenbank Bayern Mitte eG is a significant step forward for the company and the broader Bitcoin ecosystem in Europe. The investment will be instrumental in enhancing user experiences, expanding services, and complying with regulatory standards. As 21Bitcoin strives to educate and serve more customers, it is poised to make a notable impact in the Bitcoin market.
What makes 21Bitcoin different from other Bitcoin platforms?
21Bitcoin distinguishes itself by offering a more user-friendly and customer-centric experience. It provides features like 24/7 instant purchases, savings plans, and limit price orders, along with plans for automatic hourly Bitcoin investments. Additionally, they aim to make Bitcoin sales more accessible through the Lightning Network.
What is the significance of the European MiCAR license for 21Bitcoin?
The European MiCAR license is a major achievement for 21Bitcoin, as it makes them the first Bitcoin company to hold such a license. It allows them to offer and advertise cryptocurrency services in various European unions, expanding their presence and services within the region.
How can 21Bitcoin benefit Bitcoin users in Europe?
21Bitcoin’s goal is to enhance the overall Bitcoin experience for users in Europe. They plan to provide a user-friendly platform, educate users about Bitcoin’s efficient use, and expand their services to cater to more customers, including companies, while adhering to regulatory guidelines.