• Written by: John Kaczur
• Thu, 06 Jan 2022
•   Russian Federation

Thanks to a partnership between two crypto financial service companies, your community bank will soon be able to offer Bitcoin related products to its localized customer base. We’re partnering with @CSIsolutions to offer a full suite of #Bitcoin services to community financial institutions. We hope to open the door so more banks and credit unions […] The post Coming Soon To Community Banks: Bitcoin appeared first on CryptosRus.

Coming Soon To Community Banks: Bitcoin

Thanks to a partnership between two crypto financial service companies, your community bank will soon be able to offer Bitcoin related products to its localized customer base.

We’re partnering with @CSIsolutions to offer a full suite of #Bitcoin services to community financial institutions. We hope to open the door so more banks and credit unions can interact with the Bitcoin network in a secure manner. For more information: https://t.co/XZCioLoYmf pic.twitter.com/GEIkVx5f6R

— NYDIG (@NYDIG_BTC) January 6, 2022

NYDIG and Computer Services Inc. (CSI) have partnered to offer “turnkey” Bitcoin services to community banks. The partnership will see CSI’s end-to-end fintech app utilize NYDIG’s Bitcoin-related assets.

Recommended: Progressive Democrat Morgan Harper Thinks Bitcoin Can Eliminate Banks

• Thanks to the partnership, community bank customers will be able to buy, sell, and hold bitcoin through the CSI app.
• “By partnering with CSI, we can help community banks meet the growing demand for bitcoin while remaining compliant and secure with a seamless customer experience through the CSI digital banking platform,” said CIO of NYDIG, Patrick Sells.
• Not only does the partnership give community banks access to the CSI app, it will allow banks access to web design, a payment system, and digital account openings around the U.S.
• Community banks often lack in digital infrastructure compared to major banks.
• Community Banks are broadly defined as banks with under 10 billion in assets. However, many banks of that size do find themselves a part of the community. Famously, a community bank was the only one who faced prosecution for the 2008 financial crisis. Spoiler alert: they had nothing to do with it.

The post Coming Soon To Community Banks: Bitcoin appeared first on CryptosRus.