The acquisition means that Pocket Bitcoin now has its own in-house wallet app for users looking to buy bitcoins using the service.
Switzerland-based non-custodial bitcoin exchange pocket bitcoin has acquired the popular bitcoin wallet app bitkipi, the company announced Monday. According to a press release sent to Bitcoin Magazine, the acquisition will help Pocket Bitcoin solidify its focus on self-custody and give users a platform to buy and hold bitcoins in their own wallets. Previously, customers could set up Pocket with their own existing wallets through the company’s website and accumulate bitcoins through simple bank transfers.
“We believe that everyone should have access to the financial freedom that bitcoin provides, and the Bitkipi app will be instrumental in helping us achieve that goal,” said David Knezić, CEO and co-founder of Pocket Bitcoin. “With this acquisition, Pocket Bitcoin now has an internal wallet app that allows beginners to easily get started with bitcoin and self-custody,” the press release describes.
The Bitkipi founder expressed his excitement to join forces with Pocket Bitcoin and bring his vision to life. “We have been working hard to create an easy-to-use, secure and reliable bitcoin-only wallet app that can help newcomers get started with bitcoin,” said the Bitkipi founder. The app will continue to be available on both the App Store and Google Play, and current users can expect to see continuous updates.
According to the press release, in almost two years, PocketBitcoin has already exchanged over ~$54 million (€50 million) worth of bitcoins for clients across Europe and paid them out in self-custody wallets.
Anyone interested in learning more about Pocket Bitcoin’s exclusive bitcoin platform can visit their website at pocketbitcoin.com.
