Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

Power Players Ready To Enable Bitcoin Buying for US Banks

Published 06/30/2021, 12:30 PM
Updated 06/30/2021, 12:30 PM
© Reuters.  Power Players Ready To Enable Bitcoin Buying for US Banks

  • NCR (NYSE:NCR) Corp will initiate Bitcoin purchases for 650 US banks.
  • These banks will soon allow their users to purchase Bitcoin directly.
  • The deal could not go through without the NYDIG’s custody services.

NCR Corp has taken the world by storm with its latest news — it will open Bitcoin purchases to multiple banks and credit unions. This means that over 650 US banks will soon be offering Bitcoin buying to about 24 million customers.

Enterprise payment titan NCR and the well-known digital asset management company NYDIG, struck the deal. It means that community banks and credit banks from all parts of the USA will be able to provide crypto trading via mobile apps for their clients.

NYDIG’s custody services give financial institutions the option to choose a service where they are not encumbered by the mandatory need to comply with regulations. The NCR thought it a necessary move.

Lately, more and more banks have been restricting their users fr...

This article was first published on coinquora.com

Continue reading on CoinQuora

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.