Hundreds of banks in the United States that allow customers to buy, sell and hold Bitcoins through their existing bank accounts

Thanks to the partnership between Fidelity National Information Services and New York Digital Investment Group, hundreds of US banks are said to have started offering bitcoin access to their customers this year. Hundreds of banks signed up to participate in the program as they saw money migrate from their bank accounts to crypto exchanges. Hundreds of banks will offer Bitcoin services, CNBC reported on Wednesday. Customers of hundreds of US banks will soon be able to buy, hold and sell bitcoin on their existing accounts. This was made possible thanks to a collaboration between fintech giant Fidelity National Information Services (FIS) and New York Digital Investment Group (NYDIG), the $ 10 billion bitcoin investment arm of New York-based Stone Ridge Asset Management. The two companies said the partnership "should allow US banks to offer Bitcoin in the coming months". FIS is a bank provider with around 300 million checking accounts. Hundreds of banks have already signed up for the program, said Patrick Sells, head of banking solutions at NYDIG. Noting that the company has been in talks with some of the largest banks in the country to offer the Bitcoin service, he said most of the banks that signed up were small banks. He said: 'What we are doing is facilitating ordinary Americans and businesses to buy Bitcoins through existing banking relationships. I can now buy, sell and hold bitcoins using my mobile app to do all my banking. NYDIG chairman Yan Zhao explained that banks are staying away from Bitcoin, but now they want to offer crypto investment services as they can see their clients' money transfer. money from bank accounts to crypto exchanges. He voiced his opinion, it's not just banks who think their customers want Bitcoin, 'We have to do this because we see the data. They see the deposit gone

Join the Discussion

  • BrokerEUR/USD
    OANDA 1.3pips (variable) margin: 3.33%
  • Back to top