Breaking NEWS.
Hype.it, a digital only subsidiary bank on the Italian Banca Sella, started activating bitcoin wallet integration on their online platform, enabling more and more clients to bitcoin trading.
Hype is the fifth challenger Bank in Europe, something like a bank-startup, directly challenging bigger banks, inside the banking system context. Another example of this kind of actors is N26. Hype is part of Banca Sella group and already has 1,200,000 clients in Italy.
Services are at the moment allowed only for Italian residents only.
First important news: these are real bitcoins, not CFD contracts like the one you can find in Revolut.
You can buy transfer and sell your bitcoins without limitations.
Some links below (Google translation of their website included)
Come creare il tuo portafoglio Bitcoin![](https://ip.bitcointalk.org/?u=https%3A%2F%2Ftalkimg.com%2Fimages%2F2023%2F05%2F16%2Fblob0e506b82e4cba2f0.png%3F1&t=665&c=mZG4NKWgkJFNFg)
Creating your Bitcoin wallet is totally free and you only need 4 taps to do it. The first to enter the app Menu, the second to enter the Bitcoin functionality, the third and fourth to accept terms and conditions of use of the new service. Done, wallet created!
Terms and conditions refer respectively to the contract and to the privacy policy that you sign with Conio S.r.l., the company with which we have collaborated for the creation of the functionality.
The wallet will be linked to your HYPE account. This means that to buy Bitcoin you will not have to worry about top up another wallet or the account of another platform, but you will be able to use the balance on HYPE directly.
Come comprare e vendere BitcoinIf you have created your wallet, you can now buy, sell and trade Bitcoins. Let's see in this case how the buying and selling operations work. We remind you that the wallet is linked to your HYPE account. This means that to buy the cryptocurrency you will not have to worry about reloading it, but you will be able to use the balance on HYPE directly.
Come scambiare Bitcoin![](https://ip.bitcointalk.org/?u=https%3A%2F%2Ftalkimg.com%2Fimages%2F2023%2F05%2F16%2Fblob9445f7d0fe7537c9.png&t=665&c=brs6OkD5DZ96lQ)
In addition to the buying and selling operations, with HYPE you can also send * Bitcoin to the contacts in your address book, or use the function to pay for your purchases in all cases where payment by cryptocurrency is expected.
The * part refers to the fact that at the moment you can only SEND bitcoin you bought on Hype to a BTC address.
For the moment the opposite operation is not yet available.
Basically you cannot send your BTC to Hype and sell them, you can only sell BTC you previously bouth via HYPE and never left your account in the bank.
This functionality is currently being beta-tested and it is going to be implemented in the coming months.
Further informations:
Banca Sella: 1.2 million Italians discover Bitcoin thanks to HypeBanca Sella is not fearful of bitcoin and offers its customers a trading and exchange service directly from their online account thanks to Hype.
Hype is a project born in Sellalab, Sella Group’s innovation platform. Digital transformation and open innovation processes are the focus of this business unit supported by the Holding of Banca Sella.
An open path towards cryptocurrencies couldn’t be excluded, thus the famous Hype project, through its online application and account, transforms also into a bitcoin wallet.
The development of this app features the purchase and sale of bitcoin directly from the application.
The bank becomes an intermediary for buying and selling and, by charging a fee, allows users to avoid buying directly on exchanges or other bridging tools, making life easier for small consumers.
The deposit on the Bitcoin addresses, of which the users are in full control, occurs consistently using the blockchain, which is why variable transaction costs are also applied, depending on the standards imposed by the Bitcoin code.
Technically, all this has been made possible by the integration of Coinio SDK inside the Hype Ecosystem.
Vincenzo di Nicola, Conio co-founder and co-CEO, is an user of this forum and described the custody schemes currently utilised by Hype in this serie of Medium articles:
Custody at Conio — part 1Custody at Conio — part 2In addition he detailed an evolution to further enhance the multisig approach on this thread.
Multi-signature virtualization (Bitcoin and all ECDSA/EdDSA cryptocurrencies)These latest enhancements are currently being tested, and are going to be implemented in production at Conio.