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Banca Generali will be integrating the Conio Inc. platform into its Home Banking system, enabling its users to buy and sell Bitcoin.

Editorial | what does this mean? This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. Banca Generali invests in bitcoin wallet provider Conio 08 January 2021 1 Italy's Banca Generali has acquired a stake in crypto wallet provider Conio as the lead investor in a $14 million capital raise for the company, which offers custody, negotiation and reporting services currently focusing on bitcoin. Promising a 30-second account opening process, the Conio Bitcoin Wallet enable u...

Italian Insurance Giant Generali Gets Into Bitcoin via Banking Arm, Launching Crypto Custody Service Banca Generali, the banking arm of Italy’s largest insurance group, has announced that it will be offering cryptocurrency custody service to its customers beginning next year. To achieve this, the bank has acquired a stake in bitcoin wallet provider Conio. Assicurazioni Generali, Banca Generali, and Conio Bitcoin Wallet The banking arm of Italy’s largest insurance company, Assicurazioni Generali Group, announced Tuesday “the launch of a new corporate and commercial par...

Banca Generali Buys $14 Million Stake in Bitcoin Wallet Conio The wallet serves over 150,000 cryptocurrency portfolios for Italian customers and lets its users buy, sell, and transfer Bitcoin. A business deal. Image: Shutterstock Banca Generali, an Italian bank focused on private banking and wealth management for high-net worth individuals, has acquired a $14 million stake in Bitcoin wallet provider Conio, according to a press release shared with Decrypt. “Under this partnership agreement, Banca Generali will acquire a stake in Conio Inc. to support the company’s growth and the distribut...