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Italian bank Banca Sella is set to make waves in the financial and cryptocurrency markets by introducing Bitcoin (BTC) trading services to its mobile banking customers. Leveraging its popular Hype mobile banking platform, which boasts over 1.2 million users, the bank plans to offer a seamless and secure way for customers to engage with Bitcoin without relying on external exchanges.
Banca Sella Users Will have Complete Control Over Their Assets
This new service will allow Hype users to create a Bitcoin wallet directly within the bank’s app, enabling them to buy, sell, and hold Bitcoin with complete control over their assets. Intriguingly, Banca Sella’s initiative is designed to remove the complexities and risks typically associated with using third-party exchanges.
Currently, the service is in its beta testing phase, available exclusively to a selected group of Hype Plus customers. However, Banca Sella has announced that the service will be rolled out to all Hype customers in a few days. The bank is positioning this service as a major enhancement to its digital offerings, reflecting its commitment to innovation in the financial sector.
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According to the bank, the process is entirely free and can be completed in just four easy steps. This makes it accessible even to those new to cryptocurrency.
Brazil’s Bank Opens Bitcoin Trading for its Users
Itau Unibanco, the largest bank in Brazil, has expanded its cryptocurrency trading services to all its users. According to TheCoinRise, the development enables customers to purchase Bitcoin and Ethereum through Ion, the bank’s in-house investment platform.
Notably, this move is expected to attract a broad range of investors. This can range from seasoned traders to those new to the cryptocurrency market. The bank has also implemented rigorous measures to ensure the safety of its users’ transactions and assets. Meanwhile, the bank’s initiative is part of a broader trend among traditional financial institutions recognizing the potential of cryptocurrencies.
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Recall that Standard Chartered, one of the world’s leading international banks, announced its plans to launch a cryptocurrency trading desk, targeting BTC and ETH. This move signifies the bank’s commitment to integrating digital assets into its portfolio.
Italian Bank Uses Polygon for Digital Bond Trial
Using Ethereum’s layer-2 solution, Italy’s state-owned bank Cassa Depositi e Prestiti SpA effectively completed a $27.2 million digital bond issuing. Since Italy passed its FinTech decree law, which controls the distribution and issuing of financial instruments in digital form, this issuing marks the first of its sort.
Valued at 25 million euros, the bond has a fixed yearly coupon rate of 3.63%. It matures over four months, ending November 18, 2024. This trial had only one institutional investor, Intesa Sanpaolo.
