Italy Top Bank, Banca Generali Adds Bitcoin Buying and Selling Features.
Banca Generali, one of the top banks in Italy, is launching Bitcoin services. The bank has more than 300,000 customers that will be able to buy, sell and hold BTC in early 2022.
According to the report, Banca Generali’s customers will be able to buy or sell the most famous cryptocurrency through the Conio Inc platform. Conio will make it possible for bank customers to trade BTC. This feature will enable bank customers to trade Bitcoin without leaving the bank’s online infrastructure.
The Italian bank was only providing Bitcoin custody services since Dec 2020, but after this partnership, the bank will be able to introduce a Bitcoin buying and selling feature.
Riccardo Renna, Bank COO, said that this step is a bank’s long-term strategy for providing its customers with innovative services of digital assets trading experience.
“Once the integration is complete, customers will be able to securely interact with the new asset class (BTC), which can be extremely risky if mishandled. We know that the future structure of the financial markets will certainly be influenced by the blockchain technology that continues to make its way. We are working with Conio at various tables to study possible blockchain adaptations to our processes and systems.”
Banca Generali belongs to Generali Group which is one of the world’s top ten insurers. The bank is the best private bank Italy net worth individuals (HNWIs) seeking private banking and wealth management services.