Italian private bank will allow Bitcoin to purchase & sell services
Italy’s top private bank Banca will allow Bitcoin to buy, sell and hold facilities to its users directly.
At present, there are several crypto assets available in the world to buy and sell but only Bitcoin proved itself the best coin/asset in every situation. Around 10 years ago, there was almost no service of Bitcoin buy and sell and every person was dependent on only p2p methods. But now the time has changed. Right now there are numbers of big Billionaires and countries, which are directly and indirectly supporting Bitcoin. With such types of high-level support, Bitcoin is moving toward more valuable assets.
Recently, We Wealth published a report that all the clients of Banca Generali will be allowed to buy-sell Bitcoin directly through the official application without going through a third-party platform.
The official application of Banco will integrate Conio Inc. services internally. So no one user will be required to leave the application of the Bank.
In December 2020, Banco bought $14 million worth of stake in Conio. And from that time, users of Banco are getting the facility of Bitcoin custody.
The COO of Banca Generali, Banca Generali, elaborated on this initiative of the bank and said that integration work of Conio will be completed in the first quarter of 2022. Further, he continues:
“Once the integration is complete, clients will be able to interact safely with an asset class that could be extremely risky if approached incorrectly.”
Renna also said that Bitcoin buy-sell internal services are an initiative of the bank to provide this innovative technology to the bankers and clients easily, without visiting a third-party platform.
Further, Renna explained that Banco worked with Conio to bring a better Custody service for the Bitcoin buyers. They are using multi-signature users, which is a better way to protect the funds against any kind of hacking attack.
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