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Editorial | what does this mean? This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. Banca Generali invests in bitcoin wallet provider Conio 08 January 2021 1 Italy s Banca Generali has acquired a stake in crypto wallet provider Conio as the lead investor in a $14 million capital raise for the company, which offers custody, negotiation and reporting services currently focusing on bitcoin. Promising a 30-second account opening process, the Conio Bitcoin Wallet enable users to buy bitcoin with a credit card and transfer their assets through a wire transfer. The company s founders have a strong pedigree in financial services. Conio Inc. was founded in 2015 in San Francisco by Christian Miccoli, formerly of CheBanca!, ING Direct, and McKinsey, and Vincenzo di Nicola who brings experience from Microsoft and Stanford University, and ....
Banca Generali takes stake in FinTech Conio | IBS Intelligence ibsintelligence.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ibsintelligence.com Daily Mail and Mail on Sunday newspapers.
Banca Generali Buys $14 Million Stake in Bitcoin Wallet Conio The wallet serves over 150,000 cryptocurrency portfolios for Italian customers and lets its users buy, sell, and transfer Bitcoin. A business deal. Image: Shutterstock Banca Generali, an Italian bank focused on private banking and wealth management for high-net worth individuals, has acquired a $14 million stake in Bitcoin wallet provider Conio, according to a press release shared with Decrypt. “Under this partnership agreement, Banca Generali will acquire a stake in Conio Inc. to support the company’s growth and the distribution of its products as part of the Bank’s range of digital services offered to its customers,” the bank said. ....
You have successfully joined our subscriber list. Banca Generali announced that in a bid to support the growth and development of Conio as well as the distribution of its digital products to its customers, they will acquire a $14 million minority stake in the crypto firm. Banca Generali, one of the biggest private banks in Italy has announced plans to introduce crypto services to its customers next year. In an official press release, the Italian bank revealed that it has partnered with Conio, also an Italian crypto wallet provider, to offer its services to its customers. Banca Generali in the press release highlighted the significant growth of digital currencies across the country and the globe as demand for crypto wallets in the country had seen an unprecedented rise. The bank therefore is looking to expand its services with the partnership and capture the cryptocurrency market in the country. ....
Italy’s Banca Generali to Launch Bitcoin Custody Service in 2021 One of Italy’s leading private banks is to introduce a bitcoin custody service to its customers that will provide institutional-grade cold storage. The product will be introduced next year after Banca Generali invested $14M in crypto fintech Conio and acquired a controlling stake in the bitcoin wallet developer. The news that an Italian bank is to grant its customers exposure to BTC arrives at a time when retail and institutional interest in bitcoin has been growing. Square (NYSE:SQ), whose Cash App supports bitcoin purchases, has used 1% of the company’s reserves to acquire the cryptocurrency for investment purposes. With PayPal (NASDAQ:PYPL) also now provisioning cryptocurrency purchases and custody, banks and digital payment companies have converged, and several are rumored to be setting their sights on direct acquisitions of crypto companies. ....