Cryptocurrency Wallet Firm Conio Partners with Coinbase to Provide Crypto Services to Italian Banks
Conio, a cryptocurrency wallet firm partially owned by Poste Italiane and Banca Generali, has teamed up with Coinbase to offer Italian banks and financial institutions access to digital assets. This partnership will allow Italian banks to securely meet the increasing demand for digital assets by utilizing Coinbase’s liquidity. Conio aims to become a reliable partner for banks and companies entering the world of digital assets.
Daniel Seifert, Vice President and Regional Managing Director of EMEA at Coinbase, expressed his satisfaction with the collaboration, stating that it will enhance liquidity available to support Italian banks and financial institutions operating in the digital asset sector.
Conio was established in 2015 in San Francisco and launched an Italian Bitcoin smartphone wallet. Coinbase, on the other hand, is an American publicly traded company that operates a cryptocurrency exchange platform.
Integration of Crypto Services by Banks
An increasing number of banks are incorporating cryptocurrency into their banking services. The Bank of Italy recently announced a partnership with Polygon’s Ethereum scaling team and crypto infrastructure provider Fireblocks to pilot a program aimed at establishing a regulated platform for “institutional DeFi.”
Hot Take: Crypto Services Expand Across Italian Banks
The collaboration between Conio and Coinbase marks another significant step in the integration of crypto services within the banking sector in Italy. With the growing demand for digital assets, this partnership will provide Italian banks and financial institutions with secure access to Coinbase’s liquidity. As more banks recognize the importance of cryptocurrencies, we can expect further developments in this space, ultimately leading to greater adoption and acceptance of digital assets within traditional financial systems.
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