Investing App BOTS and German WEG Bank Team Up to Push European Crypto Market to New Levels
Focus on Safety, Technique and Convenience
The popularity of cryptocurrencies is extremely high these days in an unpredictable and highly volatile market. The acceptance of big players such as Paypal, Mastercard, Tesla, Nasdaq and cryptocurrency legislation from the Europese Central Bank (ECB) contributed to a definitive breakthrough of these digital assets. Safety plays a crucial part to enlarge the appreciation and recognition of cryptocurrencies to the general public. Therefore, BOTS and WEG Bank AG announce their long lasting collaboration focussing on safety and accessibility for everybody to encourage the European crypto market and make it more mature.
Matthias von Hauff, CEO of WEG Bank AG, says:
“We are very excited about this new collaboration. We focus on developing a European network of best practices and collaborations of cryptocurrencies, to pay safe, fast and easy. BOTS has the potential to minimize the risk of trading with cryptocurrencies and enlarge the level of convenience at the same time.”
Michiel Stokman, CEO of BOTS, continues:
“We will gain a 2.8 Billion extra revenue due to improved accessibility for mass adoption and enabling both wealthy individuals and families and new investors into crypto investing. The 450 million single European market will adopt crypto faster due to this alliance. “The strategic alliance enables us to protect the safety of our users as best as we can. We are honoured and proud that WEG Bank AG agreed to team up with us and provided the possibility to launch the BOTS app in Germany in July 2021. Our goal is to give millions of Europeans the possibility to trade with BOTS with guaranteed safety by a bank at the same time.”
European Cryptocurrency Guarantee Fund
The strategic collaboration aims to take some big steps. First of all, they will focus on safety. By using safe payment flows, WEG Bank AG contributes to the super-fast and comfortable transfer of transactions in the BOTS app.
“WEG Bank AG aims to become the cryptocurrency bank in Europe. They understand our world very well. Next to that, WEG Bank AG focuses on technique, safety and convenience. On top of that, they always think big and this helps us with our international growth and European dominance.”
Von Hauff concludes:
“We are impressed to see that BOTS is developing and investigating the launch of a European cryptocurrency guarantee fund. This is a strong addition to the 100.000 euro guarantee that WEG Bank AG offers every account holder. We focus on developing a European network of best practices and collaborations of cryptocurrencies, to pay safe, fast, and easy.”
BOTS is a tech company and platform which developed an app that makes it possible for everyone to start trading from €50. Currently, the BOTS app is used by over 300.000 clients. BOTS uses automated trading strategies to invest in cryptocurrency fast and without knowledge. Previously, these strategies were only accessible for the richest 3 percent in the world. BOTS makes automated trading now accessible for everybody. In 2021 it will also be possible to invest in stocks and other valuta with the BOTS app. Everybody can download the app for free and install it fast and easily. At the moment BOTS is active in more than 15 countries and its goal is to reach 60 countries divided over 4 continents by the end of 2021. The company was founded in 2018 by Michiel Stokman (CEO), Colin Groos (CCO), and Stefan Bijen (CTO) and the app went live in May 2020. BOTS has over 60 employees and has grown 5000% in the past 12 months. BOTS is recognised as a high potential scale-up by Techleap.nl and its Rise Program building a startup ecosystem in the Netherlands and beyond.
About WEG Bank AG/Ten 31 Bank
“Always one step ahead”: With this mission, the German WEG Bank AG initially dedicated itself to the housing industry and secured a role as a leading institute for WEGs and property managers. With the founding of the product “TEN31”, the institute remains true to its innovative spirit and establishes a second product line: banking services in innovative payment transactions. TEN31 focuses in particular on the everyday usability of digital currencies intending to provide true added value for all parties involved. TEN31 is the bridge between conventional banking and the blockchain world.