Computer Services Inc. (CSI), a prominent fintech solutions provider, has teamed up with New York Digital Investment Group (NYDIG), a digital asset business, to allow banking customers to purchase, sell, and store bitcoin (BTC).
The service will be integrated into CSI’s comprehensive suite of digital banking technology, which already includes a wide range of solutions for traditional financial institutions, such as digital payments and mobile banking, according to the statement.
Because of the increased interest in Bitcoin, CSI decided to offer a comprehensive range of Bitcoin services to traditional financial institution customers.
According to a study performed by NYDIG last year, 80% of respondents said they would be willing to buy bitcoin with their bank accounts if the option become available.
Furthermore, 71% of those who had already become acquainted with the world’s largest cryptocurrency stated that they would not mind switching their primary bank for one that offers bitcoin services.
Because of the increased interest in Bitcoin services among bank customers, CSI, which serves 2,700 traditional financial institutions, has decided to offer bitcoin services to banking clients.
CSI’s group president of Enterprise Banking, Giovanni Mastronardi, stated that the organisation is committed to assisting its clients in staying on the cutting edge of innovation.
Community banks in the United States have expressed interest in providing Bitcoin services to its customers, according to the release.
The key challenge, according to Patrick Sells, NYDIG Chief Innovation Officer, has been their inability to “create a secure and compliant environment to sustain the trust that their consumers invest in them.”
Although a few U.S. institutions, such as Five Star Bank, have been allowed to offer Bitcoin services to their customers through the NYDIG solution, Sells believes the project will assist more community banks stay compliant and secure.