Conio and Coinbase Lead the Financial Revolution in Italy: Cryptocurrencies Are Coming to Italian Banks

Conio and Coinbase, with over 400,000 customers, have announced their decision to collaborate in order to increase the acceptance of cryptocurrencies in the Italian financial sector.

Crypto wallet company Conio announced a strategic partnership with Coinbase, aiming to offer a broad range of digital assets to Italian banks and financial institutions.

Simultaneously, Conio plans to collaborate with Coinbase Prime to provide liquidity to institutions and expand wallet support to up to 50 tokens by the end of 2023.

“Conio created the first multi-signature bitcoin wallet for smartphones in Italy, and now, as Italian banks demand more in the realm of digital assets, we are expanding our custody capabilities.”
Orlando Merone, General Manager of Conio

Merone also stated, “We are adding EVM Ethereum Virtual Machine chains, and our goal is to cover almost 60% of the digital asset market by next year.”

According to the statements, this strategic collaboration will bring together the traditional finance sector and the crypto world, facilitating financial institutions in providing easier access to crypto assets for their customers and meeting the demand in this field.

Source: CoinDesk

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