Bitwala is a global blockchain-based payment service provider headquartered in Berlin, Germany. Founded by Jörg von Minckwitz, Jan Goslicki, and Benjamin P. Jones in October 2015. 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.com and Transistor Coworking, Germany’s largest fintech coworking space.Bitwala enables SEPA and SWIFT money transfers by exchanging Bitcoin or Altcoins to over 20 fiat currencies to any bank account in over 200 countries worldwide. Bitwala offers a Bitcoin debit card and also operates as a bitcoin wallet service to store, send and receive Bitcoin. Bitwala passes the exchange rates directly to its customers with the exchange rate is guaranteed for 15 minutes. The product and services offered bridges the use of Bitcoin and other cryptocurrencies to everyday use. Bitwala enables Bitcoin and Altcoins as means to pay and issue money transfers without the need of dealing with banks.