Bitwala receives 800,000 euros in funding, has implemented Bitcoin SEPA payments

On April 5, Dutch Bitcoin payment service provider Bitwala announced that it had received 800,000 euros (about 910,000 US dollars) in seed round investment to expand its customer base and operations team.

It is reported that investors in this round of financing include the German Reconstruction Credit Bank Group and the Digital Currency Group.

In a blog post, the startup tried to downplay the significance of the new capital, choosing instead to emphasize the company’s dedication.

Andrea Hesler of Bitawala wrote:

"This financing was not only proposed by us, but also by our partners. Getting as much money as possible has never been the company's biggest goal."

Founded in 2012, Bitwala allows users to transfer euros within单一欧元支付区（SEPA） ^[1] using Bitcoin, but only if they download a Bitcoin wallet.

So far, the app has received praise from industry observers, including Erik Voorhees (ShapeShift CEO) and Jon Matonis. Although the company's website points out that its applications also include credit card bills, utility bills, insurance and rent payments, they are more concerned about the website's application in bill payments.

Original article: http://www.coindesk.com/bitwala-raises-e800000-bitcoin-sepa-service/
By Pete Rizzo
Translation: Overnight porridge
Source (translation): Babbitt Information (http://www.8btc.com/bitwala-receives-800k)

Notes (↵ returns to text)

1. The Single Euro Payments Area is abbreviated as SEPA. SEPA refers to a supranational area: citizens, enterprises and other economic entities in this area can initiate and receive euro payments under the same conditions, rights and obligations, regardless of whether the initiator and recipient of the payment transaction belong to the same country. ↵