Italian bank launches Bitcoin buying service

Hype, a mobile application offered by the Italian bank Banca Sella, opened the beta of its service allowing tobuy and sell Bitcoin.

On his website, HYPE said the feature is currently limited to "a small group of customers" and will soon be available to all users.

The cryptocurrency market continues to generate interest. We therefore responded to the request by identifying in the technology of Conio how to offer not only the opportunity to sell and to buy Bitcoin but, above all, the possibility of offering our customers full custody and therefore real ownership of the currency, thanks to a sophisticated three-key security system, "Said Antonio Valitutti, CEO of HYPE.

According to the press release, the first key is for the exclusive use of the client and encrypted, the second is kept by its blockchain partner Conio, and the third allows the user to regain access to their wallet if their login information is lost.

Launched in 2015, the application HYPE allows "to improve the management of its finances" and offers a credit card coupled with a cashback system as well as derivatives and other CFDs. It prides itself on having attracted 1.2 million customers since its launch.