Mesh, a US-based fintech company specializing in integrations with over 300 major exchanges and wallets, and Conio, an Italian fintech company backed by Poste Italiane and Banca Generali, have announced the launch of Europe’s first open banking solution for Bitcoin.
Open Banking for Bitcoin
The integration, hosted on Conio’s platform, provides Italy’s 430,000+ customers with streamlined access to the entire cryptocurrency ecosystem: users can now seamlessly link their Bitcoin wallets to the leading digital asset trading platform.
The collaboration will leverage Mesh’s capabilities to directly connect Conio’s app to 10 major platforms, including Binance, Coinbase and Kraken, with more to be added in the coming weeks. The integration aims to simplify account management across multiple platforms within the Conio app and set a precedent for open banking in the bitcoin and digital assets space.
The project’s main goals include enhancing the Bitcoin transfer process by eliminating common friction points such as the use of QR codes and complex address processing. This approach aims to reduce the risks associated with erroneous transfers and enhance security for users through Conio’s robust storage solution, which utilizes a three-private key system.
“This collaboration with Mesh is an important step in strengthening our integrated ecosystem that simplifies the use of secure custody solutions like Conio. We are excited to offer our users a unique platform for asset management that combines security, simplicity and direct access to major trading platforms,” said Christian Miccoli, CEO and Founder of Conio.
Increasing Adoption of Digital Assets
Industry research highlights growing adoption of digital assets across Europe: Adan and KPMG’s research found that 19% of respondents in Italy have purchased cryptocurrencies, with similar trends seen in Germany, France, the UK and the Netherlands, highlighting the growing importance of secure digital asset management solutions.
“Open banking is the next big catalyst for digital asset adoption in Europe. By partnering with Conio, we are deploying the infrastructure to enable secure, seamless aggregation and transfer of crypto assets for hundreds of thousands of users across the region,” explained Bam Azizi, Founder and CEO of Mesh.
