EU citizens can now pay bitcoins

First trading platform for Bitcoins in Europe entered into cooperation with a bank that is regulated by the German Financial Supervisory Agency. Payward Ltd., the developer of the Kraken digital currency exchange, became a partner Fidor Bank, the Munich-based leader in innovative online banking. Kraken will become Fidor Bank’s exclusive digital currency trading platform throughout the European Union, except in Germany.

Jesse Powell, CEO of Payward Ltd, says: “From the beginning, our goal has been to establish Bitcoin and other digital currencies as legitimate complements to the euro, the pound and other traditional, government-issued currencies”. He expects that Fidor example followed by other banks. “Digital currencies are emerging as serious and useful alternatives to government-issued currencies,” says Matthias Kröner, CEO of Fidor Bank AG. “With Kraken we can enable our customers to trade bitcoin and other digital currencies just as securely, easily and flexibly as they trade other foreign currencies today.”

Fidor Bank was founded in 2010. It works only via the Internet. The principle of social networking is the basis of innovative methods of work of the bank. For example, every 2 million likes on the bank’s Facebook raise deposit rates by 0.1%. In order to take advantage of its services, it is enough to have e-mail, Twitter or mobile.

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