PayPal-backed fintech startup Mesh has partnered with Italy’s crypto wallet Conio to extend its services to multiple crypto trading platforms like Coinbase and Binance. This collaboration will allow Conio’s 430,000 Italian users to access 10 crypto exchanges and transfer funds directly into their Conio wallets.
Conio, supported by Poste Italiane, aims to educate retail investors about storing crypto outside exchanges, as a study revealed that nearly two-thirds of Italians store digital assets on the exchanges where they purchase them. This trend is similar in France and the U.K., where 63% and 69% of investors, respectively, hold their crypto on exchanges.
Founded in 2020, Mesh integrates crypto exchanges and wallets into a unified platform. In early 2024, PayPal Ventures invested in Mesh using “PayPal USD,” reinforcing Mesh’s position in embedded finance. Mesh has raised over $28 million from more than 30 investors.
This partnership holds strategic importance for promoting secure crypto storage and fostering innovation in digital payments.
