Italian Bank Launches ‘Hype’ Bitcoin Trading Service in Wake of the Coronavirus Outbreak

2020-3-20 20:32

The Coronavirus (COVID-19) pandemic has inevitably sparked innovation and caused an increase in adoption of some markets sooner than we expected. An Italian bank, Banco Sella, recently launched a BTC trading service in a bid to deal with the tough financial times.

This move is not unprecedented, given the country has been hit the most by COVID-19 in Europe. Banco Sella will now allow over 1.2 million users who registered with their platform dubbed ‘Hype’ to buy and sell Bitcoin. In addition, they will be able to use this digital asset for payments of goods and services. The bank is optimistic that capitalizing on the growing BTC interest while the country is on lockdown will yield a positive ROI in the future.

Hype’s General Manager emphasized on the significance of tapping into this market;

“The cryptocurrency and Bitcoin market in particular continues to arouse interest, especially among the public that constitutes our customer base — by definition young and smart and who, increasingly, expect to be able to access this world through the tool that they use to manage money on a daily basis.”

Will Digital Currencies Help in Curbing Coronavirus (COVID-19)?

The world is at an uncertain point as COVID-19 cases increase by the day. This has forced some countries to take radical measures like lockdowns while others are on the frontline of research and development to fight the virus.

Given the situation, a country like Kenya has moved to incentivize its citizens to use M-Pesa services. The leading mobile provider, Safaricom, announced that sending amounts below $10 will be free while it increased transaction limits to $1500 from $700 per transaction. This initiative has seen Kenya’s average use of mobile money rise from $1.5 to $3.5 within the last five days.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Time New Bank (TNB) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.01 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Цена в час новости $ 0.0011922 (-100%)

bank coronavirus italian trading service sella banco

bank coronavirus → Результатов: 24


BitMEX: Сегодняшняя обстановка может стать самой большой возможностью для биткоина

Специалисты исследовательского подразделения криптодеривативной биржи BitMEX проанализировали влияние пандемии коронавируса на финансовые рынки. Inflation Is Coming The response to Coronavirus will mark a significant economic regime change, from monetary policy to central bank funded fiscal expansion.

2020-3-18 15:37


BitMEX: мировой кризис на фоне коронавируса станет самым большим шансом для биткоина

Специалисты исследовательского подразделения криптодеривативной биржи BitMEX проанализировали влияние пандемии коронавируса на финансовые рынки. Inflation Is Coming The response to Coronavirus will mark a significant economic regime change, from monetary policy to central bank funded fiscal expansion.

2020-3-18 13:38


Фото:

Major Banks Suspend Stock Buybacks as Interest Rates Fall to Zero

Financial and crypto markets continue to quake as the coronavirus outbreak news worsens. Major US banks have taken steps to prevent stock buybacks that return capital to shareholders. According to reports, a group of major US banks including JPMorgan Chase, Bank of America, Citigroup, Morgan Stanley, Wells Fargo, Goldman Sachs and two others have suspended […] The post Major Banks Suspend Stock Buybacks as Interest Rates Fall to Zero appeared first on BeInCrypto.

2020-3-17 22:20


Фото:

Coronavirus Forces China to Sanitize Billions in Paper Money, Bitcoin Avoids Such Precautions

China’s central bank, The People’s Bank of China (PBoC), plans to sanitize billions of yuan notes in areas that are worst affected by the coronavirus. The epidemic, which has hit China’s political, economic, and education systems very hard, has pushed the nation’s authorities to take extreme actions to curb the spread of the virus.

2020-2-19 23:20