After pioneering the custody of Bitcoin since 2017, Conio expands its offering by introducing the function of buying and selling new digital assets.
Orlando Merone, Conio’s new General Manager, led the project launch.
Milan, 6 June 2023 – Conio is the fintech App that launched the first Bitcoin wallet for smartphones in Italy. Its mission has always been to make cryptocurrencies and digital currencies accessible to everyone. For this reason, it has decided to create a multi-signature custody system that makes it easy and safe to hold digital assets and to make its technology available to major banks.
The app allows you to quickly and smartly buy and sell Bitcoin. Starting today, Conio is expanding its wallet by adding new cryptocurrencies that can be bought and sold in this safe and reliable environment.
The expansion of the offering comes at a time of significant change for Conio, with Orlando Merone’s appointment as General Manager a few days ago.
After his experiences at Revolut, Bitpanda and Circle, Orlando Merone has been appointed head of the Conio Wallet & Custody Unit. His task will be to guide this crucial phase of Conio’s consolidation and growth and respond to the different needs of users.
Conio’s primary goal has always been to experiment and listen to consumers’ needs. Indeed, after over a year of research and study, it has set in motion a true evolution of its business with the introduction of five new digital assets: Ethereum, Cardano, Litecoin, Avalanche and Algorand.
To address with the current crisis in the crypto exchange world and meet the growing focus among private and institutional investors on new blockchains, Conio has decided to offer its customers the opportunity to purchase these new cryptocurrencies from its official app.
See below for a brief description of the cryptocurrencies included in the Conio app:
- Ethereum (ETH): launched in 2015, the world’s second-largest cryptocurrency after Bitcoin. It is based on a technology that allows users to run smart contracts programs and create tokens for exchange over the network.
- Cardano (ADA): launched in 2017, a project based on a proof-of-stake blockchain. Its goal is to ensure greater efficiency in terms of scalability, interoperability, sustainability, costs, energy consumption and transaction times.
- Litecoin (LTC): launched in 2011, this solution offers verified payments faster than Bitcoin thanks to a more efficient network. The project was created for small transactions and to be more helpful in everyday use with faster and cheaper, albeit smaller, transactions.
- Avalance (AVAX): A proof-of-stake blockchain designed in 2018 by ‘Team Rocket’, a group of software developers. Transactions on its blockchain use a unique confirmation method requiring many small random subsets of network participants to confirm transactions before they are considered finalised.
- Algorand (ALGO): founded in 2017, based on smart contracts and tokens. It operates with a modified version of proof-of-stake, allowing it to increase the security of the network in order to improve its scalability and efficiency.
“The world of digital assets is in great turmoil, as recent events have confirmed. The crisis among some players in the sector has opened a period of consolidation favouring operators who focus on custody and security. We are also seeing a growing interest in new blockchains from private investors, institutional investors and central banks. We have therefore decided to expand our offering of in-app currencies to provide our stakeholders with a reliable operating environment.” concludes Christian Miccoli, CEO of Conio.
