The Italian bank lets customers trade bitcoins

by in Cryptocurrency News

Banca Sella

Clients of the Italian bank Banca Sella got the opportunity to carry out operations with bitcoin.

Transactions go through the Hype platform. The Bank acts as an intermediary to prevent potential security risks when exchanging on crypto exchanges.

The platform is already adopted by about 1.2 million Italians who not only trade bitcoins but also use cryptocurrency to pay for goods and services.

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According to the publication, interest in Bitcoin as a safe way to transfer funds in Italy is growing under the strict quarantine regime associated with the coronavirus pandemic.

Cryptocurrencies were popular in Italy before the quarantine. Last year, researchers found that Bitcoin became the third most popular means of paying for online purchases in the country, second only to the PayPal electronic payment system and the local PostePay prepaid card service.