650 US Banks Will Allow Clients to Buy Bitcoins
Main page News, US, Banking, Cryptocurrency
Hot topic
30 June
1032 1k

NCR Corporation, an enterprise payment solutions company, has just teamed up with crypto investment firm NYDIG in order to help 650 US banks and credit unions offer their clients the ability to buy, trade and store cryptocurrencies, Forbes has reported. NCR digital banking president Douglas Brown said:

"We're firm believers in the benefits of crypto and the strategic application."

Subscribe to our Telegram channel to stay up to date on the latest crypto and blockchain news.

It is expected that around 24 million users will be able to use the service. NCR will roll out a dedicated mobile application for crypto trading. Financial institutions taking part in the program will not have to store their clients' cryptocurrencies, avoiding this way potential problems with regulators. For this purpose, NYDIG will provide its own custody service. The company will also assume transaction fees and offer additional investment services. NYDIG's head of bank solutions, Patrick Sells, said:

"I think you'll see cheaper transaction fees through the banks than what you have today in the marketplace. But the banks do get to determine what they want that transaction fee to be."

Read also:
Please describe the error
Close