While the world economy is experiencing a potential financial crisis, Bitcoin is adopted more and shows its value as a safe haven.
It is true that the cryptocurrency market has collapsed and the possible risks are still rampant, but a recovery period is currently underway, and any progress is now important, especially in turbulent times like the Corona crisis.
Corona, which paralyzed the world, pushes Italy to evolve rapidly and to be more open to Bitcoin.
Yes, in the midst of the pandemic, a renowned Italian bank called SELLA is enabling Bitcoin trading.
Sella allied with Conio, an Italian-origin crypto wallet company. The platform will provide crypto trading services without the need to have an account and access a cryptocurrency exchange. The wallets will be linked directly to Hype accounts.
Hype works through a mobile application, its advantage is that it allows linking with multiple bank accounts. The good thing is that the Sella bank will act only as an intermediary, allowing users to have full control of their cryptocurrencies.
The Italian platform Hype has also activated donations to support the growing number of victims affected by the coronavirus in the quarantined country and all trapped at home.
It should be noted that around 1.2 million Italians already use Hype to carry out transactions. And not only will they be able to buy and sell Bitcoin, but they will also be able to pay for goods and services with the cryptocurrency.