Executives of crypto custody firm NYDIG said Wednesday that hundreds of US banks are onboarding Bitcoin (BTC) related services for their clients, as per a report on business outlet CNBC.
Hundreds of U.S. banks will soon allow customers to buy, hold and sell #bitcoin through their existing accounts, says NYDIG.
— Documenting Bitcoin (@DocumentingBTC) May 5, 2021
The company is a subsidiary of $10 billion New York-based asset manager Stone Ridge. It has partnered with fintech giant Fidelity National Information Services to enable U.S. banks to offer Bitcoin.
As per Patrick Sells, head of banking at NYDIG, ‘hundreds’ of banks are already onboard with their Bitcoin plans and wish to soon offer clients the means to buy, sell, invest, and trade the world’s largest crypto asset by market cap.
“What we’re doing is making it simple for everyday Americans and corporations to be able to buy bitcoin through their existing bank relationships. If I’m using my mobile application to d
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