Conio, a provider of a multi-signature Bitcoin wallet, has been identified as a Sample Vendor in the 2021 Gartner® Hype Cycle™ for Blockchain.
Gartner Hype Cycle is a graphical depiction of a common pattern that arises with each new technology or other innovation.
Each year, Gartner creates more than 90 Hype Cycles in various domains as a way for clients to track technology maturity and future potential. The five phases in the Hype Cycle are Technology Trigger, Peak of Inflated Expectations, Trough of Disillusionment, Slope of Enlightenment and Plateau of Productivity. Gartner Hype Cycle provides an overview to understand which technologies are expected to thrive and evolve over the next few years.
This is the second recognition for Conio following the identification, last year, as a Cool Vendor in Banking 2020.The service is evolving year by year, and, given this, the company has reached the “Slope of Enlightenment” of the Gartner Hype Cycle in a time horizon of 2-5 years.
Founded in 2015 by Christian Miccoli, CEO and based in Milan, Italy and San Francisco, CA, Conio has developed a secure and plug & play multi-signature Bitcoin wallet solution designed to reduce compliance issues. Users have full custody and ownership, ensuring security against hacker attacks, identity theft and loss.
In addition, the user experience has been specifically designed to integrate with banking services, from sign-up to first purchase in a few minutes. The company offers financial institutions, banks and insurance companies proprietary custody technology and integrated solutions for the management of digital assets: from wallets for the management of cryptocurrencies, to the integration of blockchain protocols within cards, to payment services on smartphones.
Conio has signed partnerships with such companies as Hype, Nexi Open Banking, and Banca Generali, among others.
In the end od 2020, Banca Generali acted as main investor in Conio’s USD 14m capital increase.