Allied Payment Network Embeds Bitcoin Service, Will Keep BTC in Company Treasury – Bitcoin News

Payment service provider Allied Payment Network has partnered with New York Digital Investment Group, the Bitcoin subsidiary of $ 10 billion asset manager Stone Ridge. Financial institutions using Allied’s platform can offer their customers the ability to buy, sell and hold Bitcoin. In addition, Allied will keep Bitcoin on its balance sheet.

  • Allied Payment Network (Allied), a digital payment service provider for financial institutions, announced Tuesday that it has partnered with New York Digital Investment Group (NYDIG), a bitcoin technology and financial services company. NYDIG is a subsidiary of Stone Ridge, a $ 10 billion alternative asset manager.
  • “The partnership enables financial institutions to offer their customers the ability to buy, sell and hold Bitcoin,” the announcement said, claiming that “Allied will be the industry’s first bill pay provider to offer this service embedded in its platform and offered to financial service providers ”. Institutions. “
  • The announcement adds:

Along with this partnership, Allied announced that it would allocate Bitcoin for its corporate coffers, backed by NYDIG.

  • Financial institutions’ bill payment platforms will be integrated with NYDIG’s Bitcoin platform so customers can access the Bitcoin service through their online banking or mobile apps.
  • Allied and NYDIG will also work together to offer additional features such as:
  • NYDIG recently made several more partnership announcements, including partnerships with Finserv, NCR, and Q2.

What do you think of Allied Payment Network offering a Bitcoin service and keeping BTC in its corporate coffers? Let us know in the comment section below.

Tags in this story

Allied Payment Network, Allied Payment Service, Balance Sheet, Bitcoin Balance Sheet, Bitcoin Treasury, Buy Bitcoin, Corporate Treasury, Financial Institutions, Hold Bitcoin, nydig, Sell Bitcoin, Stone Ridge

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source https://bidsfor.me/allied-payment-network-embeds-bitcoin-service-will-keep-btc-in-company-treasury-bitcoin-news/

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