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Conio e Mesh launch the first Open Banking for Bitcoin in Europe: thanks to PayPal’s investments, Bitcoin wallets will now be directly connected to the main crypto exchanges.
In particular, this innovation will offer centralized access to the world of cryptocurrencies for over 430,000 Conio customers. Let’s see all the details below.
Summary
Centralized access to the crypto world thanks to PayPal: direct connection to exchanges through wallets
As anticipated, Conio, an Italian fintech supported by Poste Italiane and Banca Generali and pioneer of the first Italian wallet for Bitcoin, and Mesh, an American fintech with integrations on over 300 exchanges, announced today a new collaboration.
In particular, the two launch the creation of the first Open Banking for Bitcoin in Europe. This unique access point will connect the Bitcoin wallets of Conio’s 430,000 customers with the main digital asset exchange platforms.
The integration of Mesh in the Conio App will allow customers to connect directly to ten major platforms. Among these areBinance, Bitfinex, Bitsamp, Bybit, Coinbase, Houbi, Kraken, Kucoin, OKX and Robinhood.
Some are already available in the app, while others will be activated in the coming weeks. Subsequently, the service will be expanded to other exchanges and will include new assets and features for integrated account management through the Conio app.
Transforming itself into a true Open Banking for Bitcoin and digital assets.
The objectives of the progetto
Among the first objectives of this new project, we see the simplification of Bitcoin transfers.
That is, eliminating the difficulties of the classic Bitcoin transfer process, such as the use of QR codes and the manual entry of addresses, reducing the risk of errors and loss of funds.
Secondly, promote secure custody solutions.
Therefore, favor the adoption of solutions like that of Conio, which uses a three private key system, allowing the recovery of assets even if one key becomes inaccessible.
According to a study conducted in Europe by Adan and KPMG, 19% of Italians have already purchased cryptocurrencies and 11% are active or inactive holders.
66% of these use common exchanges to store Bitcoin and other digital assets, highlighting the need for greater awareness about security.
Similar trends are observed in Germany (59%), France (63%), United Kingdom (69%), and Netherlands (83%).
Some statements regarding the new partnership
Orlando Merone, General Manager of Conio, stated the following regarding the new project:
“People should be able to freely choose how to store their digital assets. The partnership with Mesh makes Conio a unique access point to the crypto world, offering global users secure custody with the simplicity of a tap.”
On the other hand, Christian Miccoli, CEO and founder of Conio, added:
“Our mission is to make the world of digital assets accessible and secure. This collaboration with Mesh simplifies the use of our secure custody technology, offering a unique platform that combines security, simplicity, and direct access to the main exchange platforms.”
Finally, Bam Azizi, founder and CEO of Mesh, explained:
“Open banking is the next catalyst for the adoption of digital assets in Europe. With Conio, we are creating the infrastructure for secure and seamless aggregations and transfers of cryptocurrencies for hundreds of thousands of users. Solutions like Conio’s offer an excellent way to interact with cryptocurrencies, combining security and functionality without complicating the experience.”