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 Bitcointransfer 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.
“This collaboration with Mesh is a crucial step towards consolidating an integrated ecosystem that simplifies the use of secure custody solutions like Conio’s. We are excited to offer our users a unique platform for managing their assets, combining security, simplicity, and direct access to leading exchange platforms,” said Christian Miccoli, CEO and founder 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, 2024
Rising Digital Asset Adoption
Industry research underscores the growing adoption of digital assets across Europe. In Italy, where 19% of respondents have purchasedcryptocurrencies 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.
“Open banking is Europe’s next major catalyst for digital asset adoption, and with our partnership with Conio, we are deploying the infrastructure to make safe and seamless aggregation and crypto transfers possible for hundreds of thousands of users in the region," explained Bam Azizi, Founder and CEO of Mesh.
This article was written by Tareq Sikder at www.financemagnates.com.
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