NYDIG and NCR’s Partnership Opens Doors to Hundreds of Banks for Bitcoin!

New partnership in the US opens doors to hundreds of banks for Bitcoin

As a result of the collaboration between NYDIG, which provides crypto money custody services, and NCR, which provides payment systems to corporate companies, especially banks, approximately 24 million customers of 650 banks and credit companies in the USA will have the chance to buy Bitcoin.

Banks in the USA, which continue their insistence on Bitcoin towards the government, are about to reach their goals… 650 US banks and loan providers will soon be able to offer Bitcoin services to approximately 24 million customers.

Cryptocurrency custody service provider New York Digital Investment Group (NYDIG) and institutional payments provider NCR have formed a partnership to provide this service.

When there is a high demand from banking customers…

According to the news in Forbes; Banks felt the need to take a step in this direction due to the high demand from the customers of banks working with NCR. Due to the heavy regulatory burden of holding cryptocurrencies, NCR will meet this service with NYDIG, a crypto custody service.

650 banks and 24 million customers

Thanks to NYDIG’s custody services, customers will not have any problems keeping Bitcoin as well as receiving it thanks to the bank applications developed by NCR. About 650 banks and loan providers in the US use NCR services. The number of customers addressed by these institutions is approximately 24 million.

In May, they became partners with Fidelity.

Yan Zhao, co-founder, and chairman of the board of NYDIG, which partnered with fintech firm Fidelity National Information Services (FIS) to provide Bitcoin service infrastructure to banks in May, made almost the same statement that he made that day and used the following statements:

“Many banks see money coming out of their accounts going to cryptocurrency exchanges like Coinbase. That’s why they are so eager to offer this service to their customers.”

PayPal, Square, stock markets, money outflows affected banks

As Zhao said, many cryptocurrency investors transfer their funds from their bank accounts to cryptocurrency exchanges. In fact, with the opening of payment companies such as PayPal and Square to cryptocurrencies, money is transferred to these platforms.

NYDIG is also a subsidiary of Stone Ridge, a $10 billion asset management company. Patrick Sells, NYDIG’s director of banking solutions, recently stated that hundreds of banks want to be involved in such a program.

SEE ALSO: Two Cryptocurrency Law Drafts Passed in the US

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Caroline Tetra

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