In late November, Houston-based crypto wallet and exchange, BitWallet announced a new partnership with Baanx, a cutting-edge financial tech builder based in London. This agreement brings new banking services to the BitWallet app and broadens the range of cryptocurrencies featured within.
Additionally, the partnership allows BitWallet users to access more crypto services, with future plans to develop traditional banking services. Through this partnership, the crypto wallet app hopes to offer services such as ABA and IBAN bank accounts, withdrawals, deposits, and wires – all from within the app.
Addressing the launch of the partnership, President & CEO of BitWallet John T. Perrone said, “When you combine Baanx’s financial technology with the foundation that BitWallet has already built as a cryptocurrency wallet and exchange, you get a truly revolutionary next-generation financial product- better than banking, combining fiat and crypto services all in one app.”
As this partnership develops, BitWallet also plans to launch debit cards that allow users to spend their crypto earnings across the globe.