European Cryptocurrency Fintech Receives Payment Service Provider License (PSD2)

Bitpanda confirmed in a blog post that they have received a payment service provider license issued by the Austrian financial market authority (FMA) in accordance with European law (PSD2).

The European Union (EU)'s Payment Services Directive 2 (PSD2) regulates payment service providers across the EU and the whole European Economic Area (EEA).

Founded in 2014, Vienna, Austria based Bitpanda is Europe's leading cryptocurrency platform for buying and selling digital assets like Bitcoin, Ethereum, Ripple, Pantos, Bitcoin Cash, IOTA, Litecoin, Komodo, EOS, Dash, OmiseGO, Augur, Stellar, 0x, NEM, ZCash, Tezos, Cardano, NEO, Ethereum Classic, Chainlink, Waves, Lisk, Tether and USD Coin.

Along with Euro, Bitpanda also supports Swiss Franc, British Pound and US Dollar.

Executive Opinion

Managing directors of Bitpanda Payments GmbH, Philipp Bohrn, said, "Our goal is to bridge the gap between the modern and traditional financial world. The payment service provider license will allow us to tear barriers down"

Bitpanda CEO, Eric Demuth, said, "We are very happy that Bitpanda is one of the few European cryptocurrency fintechs to receive such a license. It's a big step towards our vision to create an open, innovative investment-platform."

The announcement also noted that Bitpanda is currently expanding its trading platform to other asset classes beyond cryptocurrencies.