RATE Group | Italian Bank Opens Bitcoin Trading to 1.2 Million During Lockdown
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Italian Bank Opens Bitcoin Trading to 1.2 Million During Lockdown

20 Mar Italian Bank Opens Bitcoin Trading to 1.2 Million During Lockdown

Posted at 06:48h in Bitcoin News by

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Growing crypto adoption and the COVID-19 outbreak has encouraged Italy’s Banco Sella to launch a Bitcoin trading service

The trading is conducted via the bank’s Hype platform, with the bank acting as an intermediary to mitigate against potential security risks with cryptocurrency exchanges. With the country in lockdown and everyone stuck at home, the bank is capitalizing on a growing interest in Bitcoin as a safe way to transfer money internationally in the midst of the crisis.

1.2 million Italians already use Hype

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,…

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