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Bitwala is a global blockchain -based payment service provider headquartered in Berlin, Germany. Jones in October According to Wired,  in contrast to other money transfer services like Western Union, Money Gram and Transferwise, the German startup utilises digital currency to offer a much faster and cheaper solution. Von Minckwitz, Goslicki and Jones are long time co-partners, having founded other blockchain businesses before Bitwala such as All4btc.
We want to empower people to exchange value like they exchange ideas. Bitwala offers two options: Bitwala offers international money transfers in 20 local currencies to over countries. By issuing bitcoin invoices, customers pay the invoice using Bitcoin or any alternative cryptocurrencies and Bitwala converts these funds and issues a bank transfer on behalf of its customers.
In October , Bitwala announced its support for 9 new local currencies, making money transfers using Bitcoin to Australia, Brazil, China, Japan, Malaysia, Mexico, the Philippines, South Korea, and Vietnam possible and received in the respective local currency. Bitwala introduced EmailPay in ,  a feature which allows its customers to send money using Bitcoin to any email without needing to know the receiving bank account details.
In December , Bitwala introduced their Bitcoin debit card. The Bitcoin debit cards are issued by Wave Crest Holdings Limited pursuant to a license from Visa Europe and supports over 40 crypto currencies. The bitcoin wallet features multi-signature technology along with Two-Factor, enabling transactions to be signed on its customers devices. With multi-signature wallets, customers absolute access and control over funds in wallet.
In October Bitwala has created a virtual assistant called Lola that helps people go around Bitcoin. Lolabot is using technologies like artificial intelligence and natural language processing as well as voice recognition.