PayPal-backed Mesh and Conio Launch Europe’s First Open Banking Solution for Bitcoin

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As a researcher with a background in the crypto industry, I find the recent partnership between Mesh and Conio to be an exciting development that could significantly impact the European market. The ability for users to seamlessly transfer Bitcoin and other digital assets through open banking solutions is a major step forward in making crypto more accessible to a wider audience.

As a researcher studying the latest developments in the web3 industry, I’m excited to share that Mesh, a leading US company specializing in crypto exchange and wallet integrations, has recently formed a strategic partnership with Conio, an innovative Italian web3 firm. This collaboration marks the launch of the first Europe-based open banking solution for Bitcoin (BTC).

Additionally, the incorporation of Mesh into the Conio platform will facilitate a seamless link to prominent cryptocurrency exchanges including Bitstamp, Coinbase Global Inc (NASDAQ: COIN), Binance, ByBit, Kraken, and Bitfinex, among others.

As a researcher exploring the world of digital assets and cryptocurrencies, I firmly believe that individuals should have the autonomy to select their preferred method for safeguarding their Bitcoin and other digital assets. In an exciting development, Conio, the company I manage as General Manager, recently entered into a partnership with Mesh. This collaboration empowers Conio to serve as a comprehensive gateway to the entire crypto ecosystem, enabling users – including those who opt for global services – to securely transfer their assets into custodial care with just a tap.

In the European market, Open Banking is considered a significant driver for the upcoming widespread acceptance of digital assets. Additionally, MiCA regulation, which the European market is actively implementing, aims to ensure a safe and uncomplicated transition to utilizing Web3 technologies and digital assets.

As a analyst, I can tell you that, according to Bam Azizi, the visionary founder and CEO of Mesh, this upcoming integration with Conio holds great significance. It is set to grant a smooth and uncomplicated cryptocurrency transfer experience for an impressive number of European investors.

“Azizi noted that models like Conio Custody offer an effective method for both crypto novices and experienced users to interact with digital assets. Mesh’s integration introduces an additional level of safety and capabilities, all while maintaining a user-friendly experience,”.

Market Impact of the Mesh and Conio’s Integration

The cryptocurrency sector has grown significantly and reached every corner of the globe, attracting an increasing number of investors in the near future. Meanwhile, predictions indicate that the US Federal Reserve will maintain a accommodative monetary policy and implement anticipated rate reductions leading up to the upcoming elections.

Based on what was shared in his interview with CNBC on Monday, Tom Lee, who is the co-founder and head of research at Fundstrat Global Advisors, predicts that Bitcoin’s price could hit $150,000 by the end of this year.

Previously, Coinspeaker noted that the Bitcoin price is expected to maintain a bullish trend on a larger scale due to increasing institutional investment. Moreover, Bitcoin-related investment vehicles have seen over $15 billion in inflows so far this year, whereas Ethereum‘s investment products have experienced a cash outflow of only $25 million.

As an analyst, I’ve observed some significant selling pressure on Bitcoin recently, primarily from the German government and the ongoing Mt.Gox distribution. Despite these challenges, Bitcoin’s price has still managed to close above $62k in the six-monthly candlestick. Looking ahead technically, Bitcoin’s bullish trend is set to continue over the next few months. The halving effect and increasing institutional adoption are key factors that will strengthen this uptrend.

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2024-07-01 18:39