This past April, Bitpanda, an EU-based company for buying and selling bitcoin and cryptocurrency, received an EU payment service provider license. The license was issued by the Austrian financial market authority (FMA) in accordance with European law (PSD2).
Now the first service based on this license has been rolled out called Bitpanda Pay. The service will allow users to send money to any IBAN in the European Union directly from their verified Bitpanda account.
The service currently supports, EUR, USD accounts along with easy conversions of cryptocurrencies BTC, ETH, DASH, and BCH. The Bitpanda team says it will seek to continuously add supported assets that can be used for Bitpanda Pay.
