Despite the fact that the world is fighting the coronavirus outbreak and the nationwide lockdown, Italy’s leading bank, Banca Sella has rolled a full-fledged crypto wallet.

The bank has likely leveraged the potential demand for virtual money as people are transforming their way from fiat to bitcoin as part of safe money following the ongoing crises. As per the report, the bank with its unique platform dubbed as “Hype” is aiming to foster the adoption of virtual money.

Per the reports, this new wallet enables people to purchase, sale and store the Bitcoin. In addition to this, people can start purchasing goods and services using cryptocurrency through this new banking wallet. Interestingly, the wallet serves nearly 1.2 million users of the bank’s HYPE Plus digital platform. However, the bank foresees the accessibility of this service to all Banca Sella Customers.

Noticeably, the platform is designed and integrated by a crypto company, Conio. This integration is said to be as equivalent as jamming Coinbase app into a bank account. Christian Miccoli, the co-founder of Conio said that;

“Banks feel threatened by cryptocurrencies and, like all big organizations, have a natural tendency to resist change. But this time innovation is impossible to stop: it is akin to trying to stop the wind with your hands”

Beside Banca Sella bank, other banks are also following in this stream, for instance, Ziglu which is yet to release and Revolut with almost $5.5 billion valuations is exciting their customers by combining crypto services. However, concerning the Revolut’s crypto banking services, Conio’s co-founder Vincenzo Di Nicola said that;

While Revolut may give the impression to manage Bitcoin,” customers can “neither receive Bitcoin nor can transfer them: it’s a walled-garden approach that actually defeats the purpose of a cryptocurrency.”

Although people have self-quarantined, yet, Hype’s approach is that the people are now more cautious of coins and paper money. The fear that COVID spreading across the world, people are turning to digital currency by dumping the paper version of money as a cleaner solution for the future.