10,000 financial institutions can now let customers buy, sell and hold Bitcoin through their bank accounts – Bitcoin News

Banks and credit unions of all sizes can now make it easier to buy, sell and hold Bitcoin within their banking platforms thanks to a collaboration between Finserv and the New York Digital Investment Group (NYDIG). Finserv currently has around 10,000 financial institution customers.

All banks can now allow customers to buy, sell and hold Bitcoin through bank accounts

Finserv Inc. (NASDAQ: FISV), a global leader in payment and financial technology, announced Wednesday that “banks and credit unions of all sizes can make it easier to buy, sell and hold Bitcoin on their digital banking platforms.”

To enable the bitcoin option, Finserv has integrated with New York Digital Investment Group (NYDIG), a bitcoin technology and financial services subsidiary of Stone Ridge, a $ 10 billion alternative asset manager.

Finserv has nearly 10,000 financial institution customers, nearly 6 million merchant locations worldwide, and 100 million digital banking users, as reported on its website. As a member of the S&P 500 Index and the Fortune 500, the company claims to enable more than 12,000 financial transactions per second.

The announcement said, “The integration with NYDIG will allow consumers to manage Bitcoin transactions directly through their financial institutions’ online and mobile banking portals, giving users an easy way to access the popular digital asset through their trusted.” Buy, sell and hold financial institutions. “

Byron Vielehr, Chief Digital and Data Officer at Finserv, commented:

Interest in cryptocurrency, and Bitcoin in particular, has grown so much in recent years that Bitcoin investing is now an everyday activity.

“People continue to turn to financial institutions as a central place to manage their financial activities, and the ability to offer this facility will help banks and credit unions to be at the forefront of their clients’ financial lives,” the announcement said.

California-based First Foundation Bank (NASDAQ: FFWM) is already working with Finserv and NYDIG to offer the Bitcoin option to their customers. CEO Scott F. Kavanaugh commented:

Digital assets have caught the attention of consumers and investors. If our industry is truly committed to innovation and the financial future of our customers, we need to lead this space and help create a safe and trustworthy platform for using Bitcoin for everyday financial matters.

Finserv and NYDIG not only enable banks to enable their customers to buy, sell and hold Bitcoin in their bank accounts, but are also working to “implement additional functionality, including the ability for banks to implement bitcoin-based reward programs,” it says in the announcement.

Do you think all banks and credit unions should offer customers the ability to buy and sell Bitcoin on their platforms? Let us know in the comment section below.

Photo credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer of liability: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement for any product, service, or company. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author are directly or indirectly responsible for any damage or loss caused or allegedly caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.



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