The Lydia payment application has integrated the services of the Bitpanda broker. That will allow 5.5 million users to trade more than 170 digital assets without commissions.
Lydia offers a wide range of services including checking and shared accounts, express loans, instant bank transfers, mobile payments, and investments. The partnership with BitPanda will allow clients to invest in stocks, precious metals, and ETFs as well.
According to co-founder of the broker Eric Demuth, the agreement will strengthen the position in France. In December 2020, the firm received approval from the local Financial Markets Authority.
“France is a key market for Bitpanda. We are opening an office in Paris and creating a local team,” he explained.
Earlier, the firm signed a similar agreement with the Italian fintech startup Fabrick. APIs of more than 500 local banks are available on the platform developed by the latest.