Italy’s top private bank Banca Generali to allow users to buy Bitcoin

Share This Post

Over 300,000 customers of Banca Generali will be able to purchase and hold Bitcoin this year.

The feature was enabled through the bank’s partnership with cryptocurrency platform Conio, which will be integrated into Bance Generali’s Home Bank application.

Bitcoin trading is coming to Banca Generali

According to a recent report from We Wealth, Banca Generali’s private clients will be able to buy and sell Bitcoin through the bank’s application. The bank will be integrating the Conio Inc. platform into its Home Banking system, enabling its users to engage in cryptocurrency trading without leaving the bank’s online infrastructure.

The bank purchased a $14 million stake in Conio in December 2020 and has since provided its users with bitcoin custody.

Riccardo Renna, the COO of Banca Generali, said that that the integration of the Conio platform is set to be completed early in 2022.

“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 added that the addition of Bitcoin was part of the bank’s larger plan to provide its bankers and their clients with new and innovative services.

“We worked with Conio to introduce an innovative custody solution based on a multi-signature system that ensures the safety of our clients’ Bitcoin and the possibility of wallet recovery in certain cases, such as inheritance. The recovery process is made possible through a third key, which Banca Generali holds on behalf of our clients, enabling them to recover their wallets if needed. We believe this is the real strength of our proposal and what will set us apart from the rest of the market.”

Banca Generali is part of the Generali Group, one of the world’s top ten insurers. Known as the best private bank in Italy, it caters to high net worth individuals (HNWIs) seeking private banking and wealth management services.

The post Italy’s top private bank Banca Generali to allow users to buy Bitcoin appeared first on CryptoSlate.

Read Entire Article
spot_img

Related Posts

New UK Legislation To Govern Crypto Staking, Trading, By Mid-2024: What You Need To Know

The United Kingdom is poised to enact new legislation covering stablecoins and various crypto activities, including staking, trading, and custody  The forthcoming regulations, which are expected to

Bitcoin Whales Showing Different Behavior From Past Cycles, But Why?

On-chain data suggests the Bitcoin whales have been showing different behavior regarding exchange inflows from the last cycle Here’s why this may be so Bitcoin Whales Are Showing Different

Buenos Aires charges Worldcoin with consumer law violations, warns of $1.2 million fine

The provincial government of Buenos Aires has formally accused Worldcoin of violating consumer laws through “abusive clauses” in its user agreement According to the notice,

Dogecoin Whales Moving Around Massive Amounts: What Are They Up To?

On-chain data shows that the Dogecoin whales have recently made massive moves Here’s where these moves have been heading Dogecoin Network Has Witnessed Some Large Moves Recently According to

Analysts Bullish On Bitcoin Despite Peter Schiff’s $20,000 Doom Scenario

Over the weekend, the Bitcoin (BTC) crash had the crypto community on its toes With the price dropping to $60,000, many investors worried that the flagship cryptocurrency was in trouble ahead of the

Dogecoin Flashes Weekly Golden Cross: Why This Analyst Believes The Bull Rally Is Far From Over

A crypto analyst known as Yomi has noted that the Dogecoin recent price action could turn bullish after this week According to Yomi, DOGE is on the verge of creating a golden cross on its price
- Advertisement -spot_img