Italian bank implements bitcoin

[Swapzone 174]

That's another step for mass-adoption. Recently, Swiss Government has supported bitcoin and ethereum as tax payment methods.

[Radhika332 106]

On 3/21/2020 at 9:28 PM, bitcoin-shark said:

Well, an Italian bank (Banca Sella) has officially implemented a bitcoin wallet in its mobile application for card(hype) and also the functions of buying / selling bitcoins directly from the application, is a great step forward for a first recognition by the banks...

This is very good initiative taken by them. This is how the can reduce the transaction fee and time which are done from country to country. And it will motivate other bank to implement the bitcoin too for the betterment of the society. And for us , I mean cryptocurrency lover , many buyers will come so the cryptocurrency will gaining popularity. 

[Guru2050 8284]

This great news for every Crypto user's across the globe, not necessarily Italian citizens only. Such a remarkable success for Bitcoin and I hope and wish this similar development should replicate, take place on the rest countries  soon as possible.

[Omar Ommeish 4872]

Yes, there are many banks that have begun to allow dealing in Bitcoin, and this is a good thing for all of us because it will become easy to deal in cryptocurrencies with everyone.

[P A Ashif 2409]

Very nice news. Why this type of news are very less. This Italian bank is thinking one step forward of other banks. And definitely they will be more successful in future. I think crypto have a little concept that the early burns gets the most like in the case of bitcoin. Well more banks are going to adopt this. I will check more news about this Italian bank and there wallet in web.

[Maaz sultan 265]

That is amazing now one bank implement the use of crypto currency but after some years later many banks and governments will promote these digital currency for giving benefits to their own peoples and when their peoples transfer their crypto currencies to their own country then it will help government a lot .

[BrolySSJ 7899]

The acceptance of bitcoin by the Italian bank is a definite step in the right direction in terms of legalizing bitcoin usage. Not only will doing so at a bank increase the number of merchants that are willing to accept bitcoin in the country, but it also shows the governments standpoint on the crypto world and the fact that they are open to it and accept it. I think that the concern in such bitcoin wallet with banks will of course be the fees, charges and possible tax that may be implemented on it as well, however this is a good step in the right direction and may prompt other countries to do the same as well. 

[Ridam 7455]

On 3/21/2020 at 9:43 PM, bitcoin-shark said:

Well, an Italian bank (Banca Sella) has officially implemented a bitcoin wallet in its mobile application for card(hype) and also the functions of buying / selling bitcoins directly from the application, is a great step forward for a first recognition by the banks...

That's great news because every steps the banks take to involve Crypto in their services is helpful for mass adoption of Crypto currency. And traditional banks are also considering Bitcoin which is great sign of positive response towards Bitcoin. 

I believe the services they provide is custodial for now? Could you provide further information about the project? @bitcoin-shark

[Zeshan Khalid 2577]

Italian bank authorities have set a precedent and every country should adopt crypto currency because crypto currency have been becoming popular among public and nations have to consider using this

[babaji 1228]

Personally I believe that it is in the benefit of banks and governments to recognise and give due credibility to Bitcoin. They have tried to fight it, ban it, but nothing worked, instead if they give the due recognition to bitcoin, they can earn huge sums on money, by taxing the individuals and also from the bitcoin transfer fees etc. 

Resisting bitcoin is futile, working with bitcoin is the only way forward, its a win win situation for every party involved. 

[percare 3192]

Yes but what fees do they ask for. They are a bank and also KYC will be mandatory too. I only look for ways to not give any identity and not use any centralized business that deal with bitcoin. I can trust the existing ones and some exchanges with a few cryptocurrencies but I'd warn against using any bank to hold or trade bitcoin.

[yonkii 3205]

This means that banks can now become bitcoin exchanges. It is something that can create a lot of anticipation for the price of Bitcoin to rise a lot. If banks are now wanting to become traders of Bitcoin and offer this to their customers it is only good news and makes me feel very happy that I have found Bitcoin so early!

[Sykkuno 2887]

I don't like that banks are trying to put their hands on Bitcoin but what they should have done is open these services years ago instead of fighting Bitcoin, calling it a scam and making people think it is one even now that all banks are buying and trying to enter this market. Who trusts banks really. I prefer to be owner of my cryptocurrencies and not even look at a bank for this.

[sarahmoses202020 251]

On 3/21/2020 at 4:58 PM, bitcoin-shark said:

Well, an Italian bank (Banca Sella) has officially implemented a bitcoin wallet in its mobile application for card(hype) and also the functions of buying / selling bitcoins directly from the application, is a great step forward for a first recognition by the banks...

I hope this will be the beginning of banks investing into crypto currencies. The crypto sector is getting larger everyday and very soon there wound not be any regards for banks. So I think the best thing for them now is to get into the sector while it is still hot.

[khan22 3478]

It a great news for the crypto lovers becasue now the italian bank except this but in future the other banks will also except this and in the world soon all the banks will start to use the bitcoin becasue soon this is going to be legal in all over the world in a short time.

[Alex9876r 1408]

This is a good thing towards adopting Bitcoin in payment processes in various transactions for different commodities, and this matter may be an introduction and encouragement for other banks to take the same step towards the government itself in order to melt the blockchain technology and Bitcoin in its financial and administrative regret.

[gourav789 2834]

@Alex9876r , true mate ! these kind of step are really profitable as well leaving a postive effect on other user who didn't used Crypto as a payment option . if Crypto is adopted in some countries then their will be another country's Also think to adopt it .

[Shaza Ahmad 1682]

Some banks are thinking about preserving their position and providing cryptocurrency services, but do we think we need banks to keep Bitcoin or any cryptocurrency or in processing payments? Certainly not, so such media campaigns will not confuse the direction of the cryptocurrency community (decentralization).

[Rosarvx 965]

contribute to an increase in the number of cryptocurrency users in Italy,  it will become easy to deal in cryptocurrencies with everyone

[Brandonsaw 1973]

Great until the banks know that they should start working with cryptocurrencies now since it leaves more profits and it will be the future only digital currencies and we have little time for everyone to use cryptocurrencies.

[Mwangi 5611]

I think most establishment have been trying to make sure that they are trying as hard to make sure that we are working as hard for such so we need to keep on going as hard and put together everything in the the good issues of the market we are able to understand how to adopt the new system perfectly and that is really important

[Irungu 4299]

The truth is we need to keep on configuring  the vile of crypto currency to banks and when you adopt the cryptos earlier that would the right thing to do so lets try and configure that section or that language or adoption is really important we need to keep on working in for full adoption.

[Fixfin 2569]

It is many banks that lately were allowed by regulators to offer bitcoin and cryptocurrencies as investments using custody service for clients and investors. This is another example and soon we will be hearing a lot about investment banking in crypto.

[VijithaVarghese 1994]

This is a really proud moment for the cryptocurrency world and market. When it comes to digital currency it's always important enough to get people's acceptance which requires a legitimate source to process it . I hope a lot of people get encouraged.

[wassim19 645]

This is a wonderful news that the adoption of the cryptocurrency has become widespread now, especially in Italy, which is a large country, and now the spread of digital currencies is large, especially with the entry of large banks into this field