November 8, 2024

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Bitcoin at banks: Raiffeisenlandesbank to offer crypto investment services

1 min read
Bitcoin at banks: Raiffeisenlandesbank to offer crypto investment services

Raiffeisenlandesbank Niederösterreich-Wien (RLB NÖ-Wien), an Austrian cooperative banking company founded in 1900, is preparing to launch crypto investment services in collaboration with the Austrian crypto firm Bitpanda.

According to a joint announcement on April 26, RLB NÖ-Wien

RLB NÖ-Wien is a part of the Austrian Raiffeisen Bankengruppe grouping of independent cooperative banks, owning a 22.6% stake in Raiffeisen Bank International (RBI).

As previously reported, RBI has been experimenting with digital currency development. In 2020, the global Raiffeisen bank was building a platform for the national currency tokenization using blockchain technology. The bank is also known for participating in trade finance pilots involving R3’s Marco Polo blockchain network.

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