PayPal Ventures-backed fintech Mesh partners with Italy's crypto wallet Conio
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 01 2024
0mins
Source: reuters
- Partnership Announcement: Mesh, a U.S. fintech company with PayPal Ventures as an investor, partners with Italian digital asset wallet Conio to provide access to top crypto exchanges like Binance and Coinbase for Conio's 430,000 customers.
- Enhanced Access: The partnership enables instant transfer of purchased bitcoins from exchanges to Conio wallets without the need for QR codes or additional steps.
- Technology Integration: Mesh utilizes open banking technology to authenticate users across over 300 centralized crypto exchanges and self-custody wallets through a single account.
- Digital Asset Safety: Conio aims to raise awareness about digital asset safety, highlighting that many Italians store their cryptocurrencies on exchanges rather than personal wallets.
- Investment and Expansion: PayPal Ventures invests in promising startups like Mesh, focusing on areas relevant to the U.S. payments company, to facilitate safe and seamless crypto transfers for users in the region.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
