Wondering how to buy iota? Here comes Bitpanda

by Emily Bell Fintech analyst

Wondering how to buy Iota? Here comes Bitpanda

The Austrian crypto exchange Bitpanda Gmbh recently decided to list IOTA, in a move welcomed by the crypto community. Considered to be one of Europe’s largest crypto exchanges, the listing will lead to a fresh infusion of capital into the iota markets.

Until recently, Bitpanda was most well known for its partnership with Austria's national mail carrier and their shared distribution of Bitcoin vouchers. However, it recently decided to venture into different European markets, including London. There they have sought to attract new investors through incentives such as increased deposit limits up to 500 000 euros (among the highest in Europe).

New markets are opening the “gates of fiat”

Iota has until recently been hampered by the lack of real money exchanges. Customers have not been able to directly purchase IOTA with their kroners, dollars or other types of currency. Instead, they’ve had to maneuver a complex web of exchanges and crypto to crypto trading pairs.
On top of this comes the initial problems with the Iota wallet and how to configure it properly. Many early investors have scrambled their heads, wondering how to safely store the currency. Several guides have sprung up online, depicting the process of how to buy iota in detail.

In other news

Meanwhile, the Iota foundation has entered into a partnership with the largest bank in Norway (DNB). The project’s aim is to develop new business models through the Tangle (which is the Iota version of a blockchain).

DNB is seeking to develop new proofs-of-concept that could help minimize overhead and effectivize the banking industry. Iota transfers are free of charge, unlike the vast majority of other crypto currencies. International banks such as DNB has an inherent interest in developing new transfer models that cut the costs of currency exchange and transfers of monetary value. Some industry analysts have described a vision of Iota becoming a sort of "middle-man" in the world of finance and cryptocurrencies. It would serve as the system's backbone while allowing both banks and consumers to transfer money for free.