Swedish open banking platform Tink and Coinbase have partnered to enable crypto purchases via Pay by Bank in Germany.

Pay by Bank is an open banking-powered payment method that allows consumers to transfer money directly between bank accounts without manual data entry.

Using Tink’s technology, customers can top up their accounts in a few taps, simplifying access to cryptocurrencies.

Thomas Gmelch, Head of Commercial, Central Europe at Tink, said:

“This partnership adds a new service for Coinbase users in Germany, giving them more choice in how they manage their crypto purchases. Having a Pay by Bank option makes it possible to check out quickly and securely on a mobile device, directly from a bank account.”

Denny Morawiak, Managing Director of Coinbase Germany, added:

“The partnership with Tink is the latest step in making it easier to securely access the crypto economy. It is part of our ongoing efforts to expand our service offering in Germany and underscores our commitment to being the most trusted and compliant offering in the German market.”

Featured image credit: Edited by Fintech News Switzerland, based on image by freepik