Bitpanda joins the Visa Partner Connect program

It is reported that by partnering with Bitpanda, the Austrian financial technology unicorn, Visa partners will have the opportunity to use Bitpanda’s comprehensive investment infrastructure solutions. In addition, Bitpanda’s infrastructure is set up as a modular system that enables partners to select and choose from among them, such as savings plans, asset to asset swaps, encrypted mortgages, split stocks, complete blockchain services, and more. API integration, and the custody of cryptocurrencies is provided by Bitpanda Customer, an institution level custody provider regulated by the FCA.

Interpretation of this information:

The message reports that Visa partners will be able to access Bitpanda’s investment infrastructure solutions through a partnership with the Austrian fintech unicorn. Bitpanda’s modular system allows partners to select the specific offerings they want, such as savings plans, asset swaps, encrypted mortgages, split stocks, blockchain services, and more. Bitpanda Customer, a regulated institution-level custody provider, offers API integration and cryptocurrency custody services.

This development is significant as it shows the growing trend of traditional financial institutions partnering with cryptocurrency and blockchain companies to provide innovative solutions to their customers. Bitpanda’s comprehensive investment infrastructure solutions offer a range of investment opportunities and services that can help Visa partners diversify their portfolios and access new markets.

By partnering with Bitpanda, Visa is also gaining access to an established and regulated entity that offers cryptocurrency custody services. This is important, as custody is a critical component of cryptocurrency investing, given the risks of loss and theft. By using Bitpanda Customer, Visa partners can rest assured that their cryptocurrencies are securely stored and managed.

In summary, the three keywords that capture the essence of this message are:

1. Partnership: Visa partners with Bitpanda to access its investment infrastructure solutions.

2. Modular system: Bitpanda’s infrastructure is designed as a modular system, allowing partners to choose from various offerings such as savings plans, asset swaps, encrypted mortgages, split stocks, and blockchain services.

3. Custody provider: Bitpanda Customer provides API integration and regulated custody services for cryptocurrencies, ensuring secure storage and management.