The Italian bank Banco Sella has launched a Bitcoin trading service for its clients, while the countryprolongs quarantine due to the outbreak of the coronavirus.
A financial institution acts independentlyintermediary in transactions to reduce risks. According to representatives of the bank, citizens forced to stay at home are showing an increasing interest in the trade in digital assets. In addition, the decline in global financial markets made them look at alternative investment mechanisms.
Banco Sella implemented a digital currency trading service based on its Hype platform and acts as an intermediary in transactions to reduce risks.
Clients of the Hype platform are 1.2 million people
In addition to trading, they will be able to spend digitalcurrency among your contact list. While the service is available to a limited group of customers in beta testing, which will last a few more days. The commission for any transactions with cryptocurrencies will be 1%.
The partner of the bank stated that:
“Banks feel threatened by cryptocurrencies and, like any other large organizations, naturally tend to oppose them. But now innovation cannot be stopped. ”
The limit on buying bitcoin through Banco Sella per day is 500 euros, per year - 2,500 euros. For customers from a special group, the values were increased to 4,990 euros and 50,000 euros, respectively.
</p>Rate this publication
Read this:
Swiss Bank Launches Custody Service for Bitcoin and Ethereum
Italian Bank Adds Bitcoin Trading Service
Central Bank of Canada is exploring the possibility of issuing digital currency
Skrill payment system will add the ability to purchase cryptocurrencies
Binance added the ability to purchase cryptocurrencies for rubles with Visa
Mobile versions of Opera browser have the opportunity to purchase BTC and ETH