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Conio and Mesh Launch Europe's First Open Banking Solution for Bitcoin

Conio and Mesh launch Europe's first Open Banking solution for Bitcoin, offering seamless access to top crypto platforms
July 2, 2024

In a groundbreaking move, Italian fintech company Conio and US-based Mesh have announced the launch of Europe's first Open Banking solution for Bitcoin. This innovative integration will provide over 430,000 Conio customers in Italy with unified access to leading global crypto platforms.

Mesh, a fintech powerhouse known for its extensive integrations with over 300 exchanges and wallets, recently completed a $22 million Series A round and received a $6.5 million strategic investment from PayPal Ventures. Conio, backed by Poste Italiane and Banca Generali, introduced Italy’s first Bitcoin and digital assets wallet and is now taking a major step forward in the crypto ecosystem.

The new feature within Conio’s platform will enable users to link their Bitcoin wallets directly to major digital asset exchange platforms, including Binance, Bitfinex, Bitstamp, Bybit, Coinbase, Houbi, Kraken, KuCoin, OKX, and Robinhood. Initially, ten platforms will be available, with more to be added in the coming weeks. This development marks the advent of a true Open Banking solution for Bitcoin, allowing integrated account management across various platforms directly from the Conio app.

The primary goals of this initiative are twofold: The integration aims to simplify the traditional Bitcoin transfer process by removing common friction points such as QR code usage, complex address copying, and test transfers. Conio’s three-private-keys system, which requires only two keys for transaction authorization, ensures asset accessibility even if one key is lost. 

Industry research by Adan and KPMG shows a significant portion of Europeans are already engaged with cryptocurrencies. In Italy, 19% of surveyed individuals have purchased cryptocurrencies, with 11% being active or inactive holders. Notably, 66% of these users store their digital assets on popular exchanges rather than personal wallets. This trend underscores the need for increased awareness about digital asset security as the industry matures. Similar trends are observed across Europe, with high reliance on exchanges in Germany (59%), France (63%), the UK (69%), and the Netherlands (83%).

"People should have the freedom to choose their preferred solution for safeguarding their Bitcoin and digital assets. Our partnership with Mesh paves the way for Conio to become a comprehensive gateway to the entire crypto ecosystem, empowering even users who opt for global services to securely transfer their assets into custody with the simplicity of a tap," says Orlando Merone, General Manager of Conio.

Christian Miccoli, CEO and founder of Conio, adds, "Our mission is to make the world of digital assets accessible and secure for everyone. This collaboration with Mesh is a crucial step towards consolidating an integrated ecosystem that simplifies the use of secure custody solutions like Conio’s. We are excited to offer our users a unique platform for managing their assets, combining security, simplicity, and direct access to leading exchange platforms."

Bam Azizi, Founder and CEO of Mesh, explains, "Open banking is Europe’s next major catalyst for digital asset adoption, and with our partnership with Conio, we are deploying the infrastructure to make safe and seamless aggregation and crypto transfers possible for hundreds of thousands of users in the region.”

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