New Service from NCR Corporation and NYDIG Targets 24 Million US Users
The corporate payment solutions company NRC Corporation, together with the crypto investment firm NYDIG, will launch a service through which 650 US banks and credit cooperatives will be able to offer their customers the purchase of bitcoin, writes Forbes .
Financial institutions participating in the program will not hold users’ cryptocurrency, so they will be able to avoid regulatory difficulties. The service will use NYDIG custody services.
The company will charge transaction fees and offer bitcoin-related investment services. NYDIG estimates that its banking partnerships enable 70% of US banks to provide new services. For example, the firm’s partners include FIS, Fiserv (Fortune 500), as well as Q2 Holdings and Alkami Technology.
NCR Corporation is preparing to introduce a mobile cryptocurrency trading application.
The NCR Corporation was founded in 1884 and has 34,000 employees. The company is represented in 160 countries. Last year, it generated $ 6.2 billion in revenue from non cryptocurrency transactions.
The new service is a response to the demand from NCR customers who bought digital assets on crypto exchanges.
“Many banks have seen that transferring money to crypto exchanges like Coinbase is one of the biggest outflows. This is one of the reasons why banks are happy to have this opportunity for themselves and their customers, ”said Yang Zhao, co-founder of Stone Ridge, a subsidiary of NYDIG.
On June 29, the world’s largest inter dealer broker TP ICAP announced plans to launch a cryptocurrency trading platform, in conjunction with divisions of Fidelity Investment and Standard Chartered.
The launch of the site is scheduled for the second half of this year. Initially, only Bitcoin will be presented on it, later it is planned to add Ethereum.
The NCR Corporation was founded in 1884 and has 34,000 employees. The company is represented in 160 countries. Last year, it generated $ 6.2 billion in revenue from non-cryptocurrency transactions. The new service is a response to the demand from NCR customers who bought digital assets on crypto exchanges.
