US, WASHINGTON (ORDO NEWS) — Clients of the Italian bank Banca Sella have the opportunity to carry out operations with bitcoin, reports Cointelegraph.
Transactions go through the Hype platform. The Bank acts as an intermediary to prevent potential security risks when exchanging on crypto exchanges.
The platform is already used by about 1.2 million Italians who not only trade bitcoins, but also use cryptocurrency to pay for goods and services.
A lot of people don’t understand how a totally digital currency can be used to purchase goods so it’s a good idea to research how it works because it’s set to be the future of currency.
According to the publication, interest in Bitcoin as a safe way to transfer funds in Italy is growing under the strict quarantine regime associated with the coronavirus pandemic.
Cryptocurrencies were popular in Italy before the quarantine. Last year, researchers found that Bitcoin became the third most popular means of paying for online purchases in the country, second only to the electronic payment system PayPal and the local PostePay prepaid card service.
This popularity has continued to rise over the pandemic as more transactions than ever before are being done online so now is the time perfect for the rise of totally digital currency.
On top of this, major investors with lots of influence have been singing praises, especially Elon Musk who has caused several spikes in the cryptocurrency thanks to the positive things he’s been saying about it.
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