New York Digital Investment Group (NYDIG) has signed partnerships with three internet banking and financial services to provide access to Bitcoin to bank account holders in the United States. Commercial banks across the country continue to embrace crypto despite negative sentiments towards virtual currencies.
NYDIG will offer Bitcoin trading from US bank accounts
NYDIG has taken several important steps to achieve its goal of enabling access to Bitcoin (BTC) trading for Americans through their bank accounts. In separate press releases issued Wednesday, June 23, 2021, NYDIG disclosed partnerships with three companies in the online banking and financial services industry with collaborations aimed at enabling access to Bitcoin trading services for US bank account holders .
In one of the announcements, NYDIG has partnered with internet banking provider Q2. As part of the collaboration, Q2 will potentially offer integrated access to Bitcoin trading for its more than 18 million customers in America through their bank accounts.
Q2 serves 30 of the top 100 banks in the United States and provides cloud-based infrastructure to approximately 10% of Internet banking customers in the United States. Commenting on the partnership, NYDIG CEO Robert Gutmann said:
“NYDIG is proud to partner with Q2 to fulfill our shared mission of helping banks, credit unions, and fintechs provide innovative and transparent access to Bitcoin. The work we do together will be critical in making Bitcoin as easily accessible as possible through existing financial institutions, enabling the continued growth of the Bitcoin network.
As previously reported by BTCManager, a May NYDIG survey showed that 46 million Americans hold Bitcoin. For the Gutmann, the goal seems to be to expand access to BTC through the country’s legacy financial system.
US banks are waking up to BTC
In a separate announcement, First Foundation Bank, the banking arm of California-based financial services conglomerate First Foundation Inc., revealed that it is already working with NYDIG and Fiserv to bring Bitcoin trading services to its customers.
This development is the result of the partnership between NYDIG and Fiserv, a global fintech payment solution. Meanwhile, NYDIG is also part of cloud-based digital banking provider Alkami’s Gold Partner Program (GPP).
NYDIG’s participation in Alkami’s GPP is part of a move to offer Bitcoin trading to banks and credit unions.
American banking institutions are starting to show a more positive disposition towards crypto. In April, JPMorgan announced plans to offer a managed Bitcoin fund for the first time.
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