$87B Italian Bank To Add Bitcoin Trading

$87B Italian Bank To Add Bitcoin Trading

Banca Generali will reportedly enable its over 300,000 customers to buy and sell bitcoin early this year in a native integration with Conio.Banca Generali, an Italian bank with $87 billion in assets, will reportedly integrate Bitcoin services to its platform early this year through a partnership with Bitcoin company Conio.Banca Generali’s over 300,000 customers will soon be able to create a bitcoin wallet directly in their bank account, a feature made possible by Conio, a fintech founded in San Francisco by two Italians in which Banca Generali is a major investor. The two companies started....


Related News

Italy Imposes 20% Tax On All Wire Transfers, Bitcoin Unaffected

An Italian news site reports the shocking decision by the government of Italy to impose a 20% withholding tax on all inbound wire transfers to Italian citizens. All international payment systems linked to a bank account, such as PayPal, Western Union and, of course, bank wires will be affected. This brutal tax, combined with already steep fees on legacy money transmission methods, could claim up to a third of the value of international transfers. Citizens may contact the relevant bureaucracy to plead for the return of their money, provided they can prove it to be outside the category of....

Italian Referendum Could Send Global Investors to Bitcoin

This year’s Brexit vote caused turbulent economic times for European residents, as many sovereign currencies and stocks plunged. During this period, the British exit from the EU caused Bitcoin’s value to spike as many turned to the decentralized currency as an economic safe haven. On December 4, the cryptocurrency’s price may rise again as the Italian....

Geopolitical Turmoil Spurs Bitcoin Investments Worldwide

As many economists predicted, the Italian constitutional referendum of 2016 shook the country’s banking system to the core. Italian bank stocks have plummeted drastically since the referendum and it comes at a time where the digital asset bitcoin is seen by investors as a safe haven. Furthermore, Chinese bitcoin interest has grown exponentially as the....

Italian Payments Giants Merging to Form New Entity That Will Dominate Local M...

The new group will reportedly have an estimated 70% share of the Italian market.

Italian Anonymous Bitcoin Group Offers Aid, Bitcoin Education to Earthquake Victims

A group of anonymous Italian Bitcoin enthusiasts is leveraging the cryptocurrency to help victims of the earthquake that has devastated parts of the country. No financial services. The 6.2 magnitude earthquake struck the village of Amatrice late August. According to BTM operator Luca Dordolo, the disaster took out even the most basic of services: “Right now we know of 300 deaths and everything is destroyed: no bank and financial services, lack of everything, even water and electricity.” Acquaintances of Dordolo have taken the initiative to launch a campaign to help out the victims of the....