NYDIG provides Bitcoin solutions for 650 banks in the US
650 banks and credit unions in the US will be able to offer Bitcoin buying services to their millions of customers.
On June 30th, New York Digital Investment Group (NYDIG) signed a cooperation agreement with NRC Corporation, a corporate payments company that is more than 130 years old.
NCR is a payments company founded in 1884 as the National Cash Register. In 2021, the group teamed up with Flexa, a cryptocurrency payment company, to allow customers in 600 stores, BTC, DOGE, ETH …
Accordingly, this partnership will support 650 banks and credit institutions in the United States, which can offer services for buying Bitcoin and many other cryptocurrencies to more than 24 million customers.
Banks and credit unions do not store customers’ crypto assets. That responsibility rests with NYDIG’s custodial services. In addition, NYDIG charges a fee for every cryptocurrency transaction. In the future, the group will offer further investment services for the cryptocurrency market.
“We firmly believe in the potential future of cryptocurrencies and the benefits they can bring to financial markets,” said Douglas Brown, Head of Digital Banking NCR.
NCR is doing this because they see the profit potential of cryptocurrencies. The organization wants to work with banks and credit institutions to offer crypto investment services. This is seen as a move to compete directly with cryptocurrency exchanges like Coinbase.
“We see a lot of customers transferring money from banks to exchanges like Coinbase. From now on, these banks are looking forward to stopping this and getting into the crypto business and making more profits in this volatile industry. ”- Yan Zhao, NYDIG Managing Director Director, announced.
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