The frequency of financial institutions and companies is increasing in adopting cryptocurrencies.

Yesterday, Banca Generali, an Italian bank focused on wealth management and private banking in Italy, announced that it has partnered with Conio digital wallet to offer its services to Banca Generali customers in 2021.

According For the official press releaseThe Italian private bank Banca Generali has invested $14 million in the Conio project.

Banca Generali aims to expand its services through the latest partnership, amid the growing interest of Italian customers in cryptocurrencies.

The Italian bank identified the significant growth in cryptocurrencies in recent months and stated that the demand for cryptocurrency wallets in Italy is increasing.

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Banca Generali plans to offer cryptocurrency custody services in partnership with Conio.

Commenting on the latest partnership, Gian Maria Musa, General Manager and CEO of Banca Generali said:

We expect the future structure of financial markets to be influenced by blockchain technology, which continues to enable innovation in cryptocurrencies and many other areas of the financial ecosystem.

He added:

The agreement with “Conio” means expanding the services offered to our customers and cooperating with an innovation-oriented partner.

We can therefore further develop our open banking platform to expand our offering with innovative, industry-leading solutions.

I would also like to highlight the great attention Conio places on security and regulatory aspects, which were fundamental to the establishment of this partnership.

In addition to the details of the recent partnership, the Italian bank noted the progress that other European countries have made in creating digital currencies.

Banca Generali has praised the integration of blockchain technology into the Swiss banking system.

On his part, Christian Miccoli, CEO of Conio, said:

For Conio, it appears to be a good opportunity to help financial institutions adopt cryptocurrency services.

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This agreement with Banca Generali is an important step towards a new era for the entire financial system with more traditional financial institutions opening the way for cooperation between old and new players.

After ten years of development and stability, cryptocurrencies are now entering a concrete new phase, as they first appeared in the service group of financial institutions.

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