The purchase of Bitcoin (BTC) would shortly be opened for the millions of people from their bank accounts as a result of the partnership between Q2 and NYDIG. NYDIG (New York Digital Investment Group) is forming a partnership with Q2 (a digital services providing firm for the financial organizations, to allow access to BTC for the people having bank accounts in the United States.
As the report states about the release declared on Wednesday, The new channels like custody, buying, and selling of the Bitcoin will be potentially opened for approximately 18.3 million American bank consumers who want to access and trade BTC. Certainly, internet banking services are being provided to around 30% of the users of the top 100 banks of the United States and delivering facilities to more than the 10th of the country’s consumers who are doing digital banking.
NYDIG started working for the provision of trading services of Bitcoin (BTC) to Americans through their bank accounts. At that time, the company maintained a partnership with a fintech firm named Fidelity National Information Services to make U.S. lenders capable of delivering their customers crypto-related trading services.
In an individual announcement, while briefing about the particulars of its collaboration with NYDIG, Fiserv disclosed that the partnership was targeted towards the credit unions and the banks, which purposefully enhance the interest for Bitcoin.
A financial institution in California, First Foundation Bank, is noted to be working with Fiserv and NYDIG to include the custody and trading of Bitcoin for its consumers. Recently in April, the parent company of the First Foundation bank provided its consumers with access to the investment products based on Bitcoin by investing in NYDIG.
NYDIG has now become a part of the Gold Partner program of Alkami that is an important move in allowing the credit unions and the banks to provide custody and purchase of BTC products to the respective users. The CEO and co-founder of NYDIG, Robert Gutmann, announced while discussing the importance of the partnerships by stating that they were inevitable for Bitcoin (BTC) to be easily approached through the traditional financial institutions. It was mentioned by Gutmann that the integration activities as such would assist in making sure that the Bitcoin (BTC) network is expanding.