Intesa Sanpaolo Invests in Bitcoin: Italy's First Bank to Enter Crypto

Intesa Sanpaolo Invests in Bitcoin: Italy's First Bank to Enter Crypto

By acquiring Bitcoin, Banca Intesa Sanpaolo has made history as the first Italian bank to invest in cryptocurrencies. Wired Italia claims that the bank paid about €1 million ($1.02 million) for 11 Bitcoin. This milestone demonstrates how traditional financial institutions are increasingly utilizing digital assets. Leaked email screenshots from the anonymous website 4chan were the first source of the news. The transaction was corroborated by t...

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