Italian bank opens Bitcoin trading up to 1.2 million during lockdown

Published by Cyber Flows on

Italian bank Banca Sella is now offering its 1.2 million customers the ability to trade Bitcoin through their accounts, using a platform called Hype platform.

About 1.2 million Italians already use Banca Stella’s Hype to carry out transactions and not only will they be able to buy and sell Bitcoin, they’ll also be able to pay for goods and services with the cryptocurrency. 

Antonio Valitutti, General Manager at Hype said:

“The cryptocurrency and Bitcoin market in particular continues to arouse interest, especially among the public that constitutes our customer base — by definition young and smart and who, increasingly, expect to be able to access this world through the tool that they use to manage money on a daily basis.”

– Antonio Valitutti, General Manager at Hype

Interest in cryptocurrency and blockchain has received a boost in recent months among Italian institutions. Blockchain technology was applied to electronic voting in Naples and two Italian high schools last week announced they would record diplomas on blockchain.

Other Italian startups joining the national crypto boost

Milan-based startup Conio also announced that they will offer an additional Bitcoin wallet on the Hype platform, along with buying/selling and safe custody of digital assets.

The service clarifies that they do not need additional documents or Know-Your-Customer requirements to be able to carry out any Bitcoin-related activity.

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