#CryptoCurrency / Banca Generali invests in bitcoin wallet provider Conio

Italy’s Banca Generali has acquired a stake in crypto wallet provider Conio as the lead investor in a $14 million capital raise for the company, which offers custody, negotiation and reporting services currently focusing on bitcoin.

Promising a 30-second account opening process, the Conio Bitcoin Wallet enable users to buy bitcoin with a credit card and transfer their assets through a wire transfer.

… Conio Inc. was founded in 2015 in San Francisco by Christian Miccoli, formerly of CheBanca!, ING Direct, and McKinsey, and Vincenzo di Nicola who brings experience from Microsoft and Stanford University, and as the founder of GoPago, who act as co-CEOs of the company. Conio currently serves over 150,000 cryptocurrency portfolios for Italian customers.

Banca Generali says it intends to offer the Conio wallet to customers as part of its range of wealth management services.