- Banca Sella has launched Bitcoin trading via its Hype app, becoming Italy’s first bank to integrate cryptocurrency directly.
- The service, initially for premium clients, will soon expand, allowing all Banca Sella customers to trade Bitcoin securely.
- This integration marks a significant shift, potentially influencing other European banks to adopt cryptocurrency trading.
Italy based private bank, Banca Sella which was established in 1841 has recently taken a step into cryptocurrency. The bank has incorporated Bitcoin with the launch of a new trading service.
Historic Move for Italian Banking
This new service will be offered through the banking platform, the Hype mobile application, for convenience to the 1.3 million customers as noted by Quinten via X platform. This service will be available only to the clients of the premium package registered in the company. But that will very shortly be extended to all the customers of the bank.
All these Bitcoin trading services coming together in a traditional banking platform is essential for Italy. Unveiling the gradual integration of Cryptocurrency in the traditional financial economy at large. Meaning that without any link to external BTC exchanges, 3 million users will be able to engage in Bitcoin trading.
This makes it hold an important post in the Italy financial market bearing the feature that for the first time now it offers trading in Bitcoin. When operational in full, the service will allow the users to buy and sell Bitcoin using their bank accounts directly. This does away with the many third-party exchanges and makes it more secure. The use of services provided by this bank will mitigate the risks that are usually associated with the cryptocurrency exchanges.
Shaping the Future of Banking and Cryptocurrency
The availability of Bitcoins from trading by Banca Sella is a new development to cryptocurrency in Italy. Taking cryptocurrency out of the traditional perception of bankers and putting it in the preparation stage of being embraced by the conventional banks. As more customers are provided with this service, other banks in Italy and other parts of Europe may follow suit of involving crypto in their systems.
In this new service, an important role will be played by the Hype mobile app, which is part of Banca Sella’s platform. The use of the app will enable the users to trade Bitcoin while on the move thereby affording them the convenience that comes with the mobile use. It is by the adoption of this feature that Banca Sella is placing it at a vantage point in the financial market.
The post Banca Sella’s New Leap: Bitcoin Trading on Mobile appeared first on Crypto News Land.
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