Banca Sella Bitcoin Service Is Now Available To Users

Key Points:

• Banca Sella has launched a Bitcoin trading service on its Hype platform, allowing over 1.2 million customers to buy and sell Bitcoin directly.
• The Banca Sella Bitcoin service was initially launched during Italy’s COVID-19 lockdown.
• Trading caps are set at $2,700 annually for basic users and $54,000 for Plus and Premium account holders.

According to Fintech Finance, Italian Banca Sella, established in 1886, now offers another service—trading Bitcoin on a new service called Hype over its mobile banking.

Read more: Italy’s Securities Regulator Blocks Illegal Crypto Trading Platforms

The Banca Sella Bitcoin Service Enjoys Massive Usage

Backed by the fact that over 1.2 million using Hype mobile banking, it has come to offer buying and selling services directly without one having to go out through the deals.

The Banca Sella Bitcoin service will be available for a start to a limited number of Hype Plus customers and soon all users. Hype Plus is coming in at a time when Italy is under a nationwide lockdown due to the COVID-19 pandemic that has caused huge disruptions to traditional banking operations.

Many customers find it hard to send or receive funds, meaning the entry of a Banca Sella Bitcoin service definitely comes at an opportune time. More so with the increasing urge to learn and explore crypto solutions.

Exert Control with Trading Caps as Banca Sella Embraces Bitcoin Adoption

Hype users will send Bitcoin to contacts in their address books and spend the currency wherever accepted. The bank underlined the fact that the Bitcoin wallet is free of charge and can be set up within only four steps.

However, Banca Sella has set trading limits to the service: purchasing and selling in Bitcoin have been pegged at only $2,700 per year into the Hype Start account, whereas for the users having Plus and Premium account types, their trading cap is lifted to around $54,000 annually.