I'm sure many of you remember "Visagate" or the clampdown of VISA on WaveCrest Holdings, at the beginning of the year. WaveCrest was the issuer of many crypto linked prepaid cards and a lot of providers in the field were hit. Among them Wirex, Spectrocoin and, yes, Bitwala.
It took to people of Bitwala less than 2 months to come up with another plan, according to an email sent to their - still loyal - user base. In this message, Bitwala announces its comeback, which includes, hold your breath, becoming a blockchain bank.
Here's what they said their new product will do:
- Seamless transition between crypto and fiat
- Based in Germany and each account will come with a German IBAN and BIC
- Fully regulated by The Federal Financial Supervisory Authority of Germany (BaFin) (application pending)
No other details were given other than that and it seems the company first try to gauge interest from its previous user base, allegedly shocked by "Visagate". If you want more details, head over to Bitwala website.
On a side note, all of the above, including the IBAN accounts, is already offered by another provider in this area, Spectrocoin / Bankera.
I'm a serial entrepreneur, blogger and ultrarunner. You can find me mainly on my blog at Dragos Roua where I write about productivity, business, relationships and running. Here on Steemit you may stay updated by following me 
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