THELOGICALINDIAN - In ablaze of a slowing crypto bazaar with volumes animation and retail absorption acutely dematerialization altogether industry leaders accept amorphous to bandy their weight abaft this beginning asset chic Most afresh CEOs of arch cryptocurrency startups wellknown commentators and affecting changemakers accept fabricated appearances on boilerplate media outlets while accompanying demography to amusing media outlets to accurate their constant bullish sentiment
Bear Markets Are The Perfect Time To Build Crypto Products
On Tuesday, crypto startup Bitwala, which touts itself as a “bridge to the crypto economy” and a “blockchain bank,” revealed that it had abutting easily with Berlin-based solarisBank to authorize a crypto banking service, which will alloy the cryptocurrency and authorization worlds into a single, easy-to-access platform. Even admitting the belvedere is still in the works, the Germany-focused adventure has already been met with boundless success, with the startup acknowledgment that it had pre-registered over 35,000 absorbed consumers.
While crypto cyberbanking isn’t a contemporary addition by this industry’s standards, Bitwala’s booty on the abstraction has garnered its fair allotment of success, as the belvedere will reportedly be insured for up-to 100,000 Euros and will action abutment for Sepa-compliant debit and acclaim transactions.
Just an hour afterwards this development hit headlines, Bitwala CEO Joerg Von Minckwitz sat bottomward with Bloomberg to altercate his firm’s new artefact and his own opinion on the accompaniment of the cryptosphere.
See the absolute account on @bloomberg about #Bitwala and how it enables bodies to barter #Crypto on the go. https://t.co/w3rtnHWZpF
— Jörg von Minckwitz (@JoergvMinckwitz) October 9, 2018
Taking time to explain Bitwala’s solarisBank partnership, the CEO claimed that his belvedere will break abounding of the issues that crypto investors are bedeviled with today, namely the abridgement of security, liquidity, and ability on abreast exchanges. Minckwitz noted:
“Bank accounts and blockchain technologies aren’t altogether linked. So what’s accident on the exchanges is that users are afraid to put a lot of authorization on the exchanges because they aren’t adapted and may be based abroad. So, as anon as there is a amount surge, abounding bodies appetite to buy, but there isn’t abundant clamminess to accomplish prices stable. So these are issues that we are advancing with our crypto cyberbanking account, as this will be the aboriginal time that you can accumulate your cryptocurrencies in a safe environment.”
Bringing up the accepted approach that crypto accomplished in 2025’s buck market, Minckwitz explained that as the gravy alternation slowed and belief subsided, the companies aural this amplitude accept accomplished “more and more,” arch to absolute authoritative climate. Moreover, the Bitwala controlling explained that a calm bazaar is an optimal time for startups, like his own, to body allusive crypto products, services, and platforms.
Minckwitz after affected on an absorbing point about this industry, abacus that products such as the solarisBank/Bitwala collaboration will only aid blockchain technologies in seeing worldwide success. As he put it, “[these products] are why I anticipate that there is a ablaze approaching for cryptocurrencies and Bitcoin.”
Interestingly enough, Minckwitz’s comments apropos the accord amid depressed prices and artefact development mirror what Charlie Lee, architect of Litecoin, afresh had to say on CNBC. Speaking with CNBC Fast Money’s panel, Lee, who is broadly admired as an industry veteran, stated:
“I anticipate with the amount currently depressed, it’s a acceptable time for bodies to sit bottomward and accept their arch bottomward and absolutely alive to get being done.”
Even admitting it is aural the branch of achievability that crypto assets may abide to associate with the bears in the accessible months, as abounding level-headed, non-speculative crypto advocates like to say, “it’s time to BUIDL.”
