A US-based web3 brand, Mesh, works with Conio, an Italian web3 company, to bring the first Bitcoin (BTC) Open banking solution to Europe.
Mesh, a web3 company headquartered in the United States that facilitates the integration of users with over 300 crypto exchanges and wallets, has announced a strategic partnership with Conio, an Italian web3 company, to introduce the first open banking solution for Bitcoin (BTC) in Europe. The recently launched solution, hosted on Conio’s platform, will facilitate thousands of users’ seamless adoption of Bitcoin.
Additionally, the Conio platform’s integration of Mesh will facilitate a direct connection with the most prominent crypto exchanges, including Bitstamp, Coinbase Global Inc (NASDAQ: COIN), Binance, ByBit, Kraken, and Bitfinex, among others.
“Individuals should be permitted to select their preferred method of protecting their digital assets and Bitcoin.” Orlando Meone, the General Manager of Conio, observed that our most recent partnership with Mesh has enabled Conio to establish itself as a comprehensive gateway to the entire crypto ecosystem. This partnership allows users who choose global services to transfer their assets into custody with a tap securely.
The subsequent significant catalyst for adopting digital assets in the European market has been identified as implementing Open Banking. Furthermore, the European market has already initiated the enforcement of the Markets in Crypto-Asset (MiCA) regulatory framework to facilitate the secure and seamless adoption of digital assets and Web3 protocols.
Bam Azizi, the CEO and founder of Mesh, has stated that the integration with Conio will facilitate the seamless transmission of cryptocurrency in Europe for thousands of investors.
Azizi continued, “Solutions such as the Conio Custody model offer an exceptional method for users, including those new to the field, to interact with crypto assets. Shucked Mesh provides these users a new level of security and functionality without complicating the experience.”
The Mesh and Conio’s Integration’s Market Impact
The cryptocurrency industry has expanded to every global market, and more investors are expected to adopt it in the future. The US Federal Reserve is anticipated to maintain its dovish stance and implement the eagerly anticipated interest rate cuts in anticipation of the forthcoming general elections.
In an interview with CNBC on Monday, Tom Lee, the co-founder and chief of research at Fundstrat Global Advisors, stated that the price of Bitcoin is on the verge of reaching $150,000 by the end of the year.
Coinspeaker has previously noted that the Bitcoin price will continue to experience a favorable macro outlook, driven by increased institutional adoption. Additionally, Bitcoin’s investment products have received over $15 billion in cash inflows year-to-date, in contrast to Ethereum’s $25 million cash outflow.
The price of Bitcoin has managed to surpass $62,000 on the six-monthly candlestick, despite the increased selling pressure from the German government and the Mt.Gox distribution. From a technical perspective, the Bitcoin price will maintain a favorable outlook as the institutional adoption and halving impact become more pronounced in the upcoming months.