The crypto platform New York Digital Investment Group (NYDIG), in collaboration with fintech company Moven, will develop an offering that will simplify for financial institutions the launch of Bitcoin-related services. <\/p>\n
According to the \u043f\u0440\u0435\u0441\u0441-\u0440\u0435\u043b\u0438\u0437\u0443<\/a>, the product suite from the partners will allow banks to launch Bitcoin-buying, selling and custody services within a few weeks, create cryptocurrency savings accounts, and issue credit cards that support it.<\/p>\n “Now is the right time. If PayPal and Square can do this, then local banks in the US can too,” said Moven founder Brett King.<\/p>\n<\/blockquote>\n According to Patrick Sells, head of NYDIG’s Banking Solutions, in a low-rate environment financial institutions are seeking new forms of revenue, and this aligns with customer demand. The company’s research showed that more than 80% of American Bitcoin holders would prefer to store theirs at their banks. More than 85% would like to buy cryptocurrency at financial institutions.<\/p>\n “That surprised me, as a former banker,” said Sells.<\/p>\n<\/blockquote>\n The partnership followed after January 5, when the Office of the Comptroller of the Currency allowed banks to issue stablecoins<\/a>.<\/p>\n Earlier in January, NYDIG acquired<\/a> the analytics company Digital Assets Data.<\/p>\n Subscribe to ForkLog news on Telegram: ForkLog Feed<\/a> \u2014 the full news stream, ForkLog<\/a> \u2014 the most important news and polls.<\/p>\n","protected":false},"excerpt":{"rendered":" The crypto platform New York Digital Investment Group (NYDIG) together with fintech company Moven will develop an offering that will simplify for financial institutions the launch of Bitcoin-related services.<\/p>\n","protected":false},"author":1,"featured_media":34730,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1229,1690,26],"class_list":["post-34729","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-banks-and-fintech","tag-nydig","tag-usa"],"aioseo_notices":[],"amp_enabled":true,"views":"27","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/34729","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=34729"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/34729\/revisions"}],"predecessor-version":[{"id":34731,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/34729\/revisions\/34731"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/34730"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=34729"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=34729"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=34729"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}\n
\n