Private Italian bank Banca Generali allowed customers to buy bitcoins
The feature comes courtesy of a partnership with the Conio cryptocurrency platform
04.01.2022 - 07:55
483
1 min
0
What’s new? Banca Generali's private clients will be able to buy and sell bitcoins through the bank's application, according to the We Wealth report. Riccardo Renna, chief operating officer, said that the integration of the Conio platform will be completed in early 2022.
What is known about Banca Generali? The bank is one of the top ten insurers in the world. It serves high net worth individuals to whom it provides private banking services and wealth management advice. In December 2020, Banca Generali acquired a $14 million stake in Conio and has since allowed its clients to store bitcoins.
What did the bank’s representative say? Riccardo Renna said that the addition of the new feature is a part of a larger cryptocurrency project. He also emphasized the possibility of recovering a lost wallet:
“The recovery process is made possible by a third key which Banca Generali holds on behalf of our clients, allowing them to recover their wallets if needed. We believe that this is the real strength of our application and will set us apart from the rest of the market.”
Useful material?
Telegram 
Twitter Market
The company’s unrealized profits from investing in its first cryptocurrency approached $14 billion
Nov 19, 2024
Incidents
The search, the reason for which was not announced, took place a week after the election, the results of which Polymarket users predicted quite accurately
Nov 14, 2024
Market
Analysts point to the growing popularity of the first cryptocurrency as a safe haven asset
Nov 13, 2024
Market
The product will begin trading on the Swiss Exchange on November 19
Nov 12, 2024
Market
The company’s unrealized profits from investing in the first cryptocurrency approached $13 billion
Nov 12, 2024
Market
The company predicts that the rate of the first cryptocurrency will grow to $200 000 by the end of next year
Nov 11, 2024
Cryptocurrency rates
-
Bitcoin
$98 371
BTC
+0.9%
-
Ethereum
$3 339.59
ETH
+6.63%
-
BNB Smart Chain
$579.4
BSC
+1.23%
-
Ripple
$1.39
XRP
+23.94%
-
Dogecoin
$0.387011
DOGE
+1.28%
-
Cardano
$0.860251
ADA
+10.78%
-
Bitcoin Cash
$485.08
BCH
-5.54%
-
Polkadot
$6.04
DOT
+7.64%
-
Stellar XLM
$0.283452
XLM
+17.17%
-
Litecoin
$90.03
LTC
+0.95%