World Crypto Global
- Written by: Tareq Sikder
- Mon, 01 Jul 2024
- Israel
Mesh, a US-based fintech company specializing inintegrations with over 300 leading exchanges and wallets, and Conio, theItalian fintech backed by Poste Italiane and Banca Generali, announced thelaunch of Europes first Open Banking solution for Bitcoin.Open Banking for BitcoinThis integration, hosted on Conios platform, offersstreamlined access to the entire crypto ecosystem for its 430,000+ customers inItaly. Users can now seamlessly link their Bitcoin wallets with prominentdigital asset exchange platforms.The collaboration leverages Mesh's capabilities to directlyconnect Conio's app with ten major platforms, including Binance, Coinbase, andKraken, with more to follow in the coming weeks. This integration aims tosimplify account management across multiple platforms within the Conio App,setting a precedent for Open Banking in the Bitcoin and digital assets sphere.Key objectives of the project include enhancing the Bitcointransfer process by eliminating common friction points such as QR code usageand complex address handling. This approach aims to mitigate risks associatedwith incorrect transfers and enhance user security through Conio's robustcustody solutions, utilizing a three-private-keys system.This collaboration with Mesh is a crucialstep towards consolidating an integrated ecosystem that simplifies the use ofsecure custody solutions like Conios. We are excited to offer our users aunique platform for managing their assets, combining security, simplicity, anddirect access to leading exchange platforms, said Christian Miccoli, CEO andfounder of Conio.Breaking: Conio, the Italian fintech in collaboration with Mesh, a US-based fintech company, has launched Europe's first open banking solution tailored for #Bitcoin.Users can now effortlessly connect their #BTC wallets to leading digital asset exchange platforms.#Crypto Coinpedia (@CoinpediaNews) July 1, 2024Rising Digital Asset AdoptionIndustry research underscores the growing adoption ofdigital assets across Europe. In Italy, where 19% of respondents have purchasedcryptocurrencies according to Adan and KPMG's survey, and similar trends areobserved across Germany, France, the UK, and the Netherlands, highlighting theincreasing importance of secure digital asset management solutions.Open banking is Europes next major catalyst for digitalasset adoption, and with our partnership with Conio, we are deploying theinfrastructure to make safe and seamless aggregation and crypto transferspossible for hundreds of thousands of users in the region," explained BamAzizi, Founder and CEO of Mesh. This article was written by Tareq Sikder at www.financemagnates.com.
