RATE Group | Italian bank to start a Bitcoin trading service amid COVID-19 outbreak
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Italian bank to start a Bitcoin trading service amid COVID-19 outbreak

21 Mar Italian bank to start a Bitcoin trading service amid COVID-19 outbreak

Posted at 07:26h in Bitcoin News by

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  • Italy’s Banca Sella is planning to launch a Bitcoin trading service amid surged crypto adoption caused by the coronavirus outbreak.
  • Around 1.2 million Italians are using Banca Sella’s platform, Hype, to carry out transactions.

Italy’s Banca Sella is planning to launch a Bitcoin trading service amid surged crypto adoption following the coronavirus outbreak. The trading will be conducted through the bank’s Hype platform. Banca Sella will act as an intermediary to mitigate potential security risks associated with crypto exchanges. As Italy is in lockdown, the bank is taking advantage of the increasing interest in Bitcoin as a safe way to transfer money internationally. 

Around 1.2 million Italians are already using Banca Sella’s Hype to carry out transactions. In addition to these users being able to buy and sell Bitcoin, they can also pay for products and services using crypto. Antonio Valitutti, General Manager at Hype, said:

The cryptocurrency…

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