Italian Payments Giants Merging to Form Entity That Will Dominate Local Market
The new group will reportedly have an estimated 70% share of the Italian market.
Italian police said the Florence-based man is either behind the breaches or took no action after the first attack came to light.
Banca Generali, a subsidiary of Italy’s largest insurer, will also help its customers hold bitcoin following the $14 million Series B.
The Italian Banking Association said the work would help financial institutions prepare for the future.
A multinational payments firm is partnering with cryptocurrency custodian Hex Trust to help its European banking clients hold digital assets.
The Italian Banking Association claims that about 100 local banks are now operating on a blockchain network designed to speed up interbank transactions and processes.