The cryptocurrency banking app Bitwala will restart operations with the support of Striga

2023-11-08 17:15:11

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ChainCatcher news, according to Cointelegraph, the crypto banking platform Bitwala (formerly Nuri) will relaunch under its original name with the support of banking infrastructure company Striga. Bitwala CEO Dennis Daiber stated that as part of the partnership, Striga will provide Bitwala with "banking and crypto as a service," enabling the crypto banking app to leverage its trading and card issuance capabilities.

Bitwala was renamed Nuri in 2021 and filed for bankruptcy in August 2022 due to liquidity issues triggered by the Terra collapse, leading the company to shut down operations in October 2022. Striga, founded in 2018, provides financial services infrastructure for companies in the cryptocurrency and banking sectors. The company is registered in Estonia and is a wholly-owned subsidiary of Lastbit, which is registered in the state of Delaware, USA.

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