Italian Bank Adds Bitcoin Trading Service

The Italian bank Banco Stella now offers its clients Bitcoin trading services. New featureavailable on Hype Bank platform.

The financial institution will act as an intermediary in order to reduce the potential risks associated with the use of crypto exchanges.

Reportedly, the bank’s management accepted thissolution, because against the backdrop of the coronavirus epidemic, more and more clients in India are starting to use cryptocurrencies for international transfers.

According to representatives of the bank, more than 1.2 million customers use the Hype platform not only to trade bitcoin, but also to pay for goods and services.

In order to gain access to the service, the user does not have to go through KYC verification or provide any documents. Hype CEO Antonio Valitutti said:

Interest in cryptocurrencies and the Bitcoin market in particular continues to grow, especially among young people, who make up most of our user base.

Let us remind you that the price of BTC again rose above the $6,000 mark and aimed at $7,000. 

Based on materialsihodl.com