Mesh, a US-based fintech company specializing in
integrations with over 300 leading exchanges and wallets, and Conio, the
Italian fintech backed by Poste Italiane and Banca Generali, announced the
launch of Europe’s first Open Banking solution for Bitcoin.
Open Banking for Bitcoin
This integration, hosted on Conio’s platform, offers
streamlined access to the entire crypto ecosystem for its 430,000+ customers in
Italy. Users can now seamlessly link their Bitcoin wallets with prominent
digital asset exchange platforms.
The collaboration leverages Mesh’s capabilities to directly
connect Conio’s app with ten major platforms, including Binance, Coinbase, and
Kraken, with more to follow in the coming weeks. This integration aims to
simplify 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 Bitcoin
transfer process by eliminating common friction points such as QR code usage
and complex address handling. This approach aims to mitigate risks associated
with incorrect transfers and enhance user security through Conio’s robust
custody solutions, utilizing a three-private-keys system.
Rising Digital Asset Adoption
Industry research underscores the growing adoption of
digital assets across Europe. In Italy, where 19% of respondents have purchased
cryptocurrencies according to Adan and KPMG’s survey, and similar trends are
observed across Germany, France, the UK, and the Netherlands, highlighting the
increasing importance of secure digital asset management solutions.
This article was written by Tareq Sikder at www.financemagnates.com.
