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NYDIG and NCR deal will allow 650 US banks to offer bitcoin purchases to people

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Shivangi Mujumdar Follow

INDIA

Jul, 02 2021

Jul, 02 2021

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NCR and NYDIG will now be having a deal of 650 US banks to provide the bitcoin purchases to people. This certainly will create quite a buzz for some time because of its use that can benefit a many people. On June 30, spokesperson for NYDIG commented that this deal shall allow 650 US-based banks and credit unions which of course would invite different services associated with purchase of bitcoin and crypto trading. 


The partnership announcement: 

Even if NCR did not response on the immediate request but later the NYDIG spokesperson stated, “NCR is the latest in a series of partnership announcements that kicked off last week.” With this merge it is believed that the partnership will be more between these two digital asset management firm in order to get the purchases of the crypto be easily available in credit unions and more than 650 banks.  

The initiative has been done as a repines for the NCR banking clients demands that were made where the customers are purchasing crypto outside the exchanges. It this would ensure that clients can now access the trading of crypto using their own apps of banking while NYDIG shall provide the custody. 


The number of 650 U.S banks is not a smaller one. The banks soon can offer the purchases to be done in bitcoin that shall have an estimation of nearly 24 million total customers. 


The appealing objective: 

Before this announcementNYDIG and Fiserv had also made an announcement of teaming up to offer consumers get the bitcoin directly in their respective bank account. This can allow the users to access the cryptocurrency without having to go through any kind of external exchange 

This is one of the best efforts that has been made for capitalizing on demands which NCR has been looking forward from banks and credit unions who are already been witnessing clients making crypto purchases from outside exchanges. 


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Shivangi Mujumdar

CBW - External Analyst

INDIA

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