Italian Banca Generali to debut crypto services next year

CoinTelegraph

Major Italian private bank, Banca Generali, is planning to introduce cryptocurrency services in 2021. According to a Dec. 15 announcement, Banca Generali has entered a corporate and commercial partnership with Conio — a fintech company providing traditional financial institutions with solutions for managing digital assets including wallets and custody.

A spokesperson for Banca Generali told Cointelegraph that the bank does not plan to launch a cryptocurrency exchange in the near future, but rather provide “service with Conio as wallet.”

How To Get Free Crypto  

Banca Generali will also acquire a stake in Conio to support the company’s growth and the distribution of its products as part of the Bank’s range of digital services offered to its customers. As such, the bank has participated in Conio’s share capital increase of $14 million.

Founded back in 2015, Conio claims to be the first Bitcoin (BTC) wallet from Italy. The firm has developed a proprietary custodial technology targeting institutions like banks. In the past, Conio has partnered up with major fintech banking platforms like Hype and Nexi Open Banking.

Banca Generali is not the only Italian bank announcing its crypto-related plans in 2020. In March 2020, Italy’s Banco Sella launched its own Bitcoin trading service, allowing customers to buy, sell and store Bitcoin through its Hype platform.

Go to Source
Author: Helen Partz


Recommended Crypto Services, Products and Strategies:

The first thing any crypto investor needs is is a reliable and secure Crypto Wallet.  Whether you’re looking for an online wallet, hardware wallet, desktop or mobile wallet, Crypto Renegade provides you with all the Best Crypto Wallets in each category.

Best Crypto Wallets Banner

When you’re ready to buy more crypto, or exchange your coins for others, Crypto Renegade’s list of the Best Crypto Exchanges has you covered.  The Crypto Exchanges recommended here offer everything from simplicity and convenience to advanced trading platforms and profit sharing. 

Best Crypto Exchanges Banner

If you want to learn more about the methods and tools that can be used to find Great Crypto Projects, then be sure to check out Crypto Renegade’s strategy for How To Find The Best Cryptocurrency.

Crypto Strategy Banner

For those people that don’t have any money to invest right now, or just want to understand the technology a bit more, you’ll definitely want to check out Crypto Renegade’s Free Crypto Strategy and start collecting Free Coins today!

Free Crypto Banner

What do you think about cryptocurrency? Do you have any questions about it? Be sure to leave a comment below.

This site uses Akismet to reduce spam. Learn how your comment data is processed.