NYDIG and Q2 Partner to Enable Bitcoin Trading for 18 Million US Banking Customers

New York Digital Investment Group (NYDIG) has partnered with Q2, a company specializing in providing digital services to financial institutions, to provide access to Bitcoin (BTC) to bank account holders in the United States.

According to a Release released on Wednesday, the partnership will potentially open channels for buying, selling and holding Bitcoin to approximately 18.3 million banking customers in America.

Indeed, Q2 provides internet banking services to approximately 30% of the top 100 US banks and serves more than one-tenth of the nation’s digital banking customers.

As previously reported by Cointelegraph, NYDIG has started working to provide Bitcoin trading services to Americans through their bank accounts. At the time, the company partnered with financial technology firm Fidelity National Information Services to provide US lenders with the ability to offer crypto trading services to their clients.

In addition to Q2, NYDIG also partnered with cloud-based digital banking provider Alkami and global payment services company Fiserv to to permit Bitcoin access for more financial institution customers.

Detailing the specifics of its partnership with NYDIG in a separate announcement, Fiserv revealed that its collaboration is suitable for banks and credit unions amid growing interest in BTC.

First Foundation Bank, a California-based financial institution, is reportedly working with NYDIG and Fiserv to integrate Bitcoin trading and custody for its customers. In April, the bank’s parent company, First Foundation Inc., invested in NYDIG to provide customers with access to Bitcoin-based investment products.

Related: US banks will allow Bitcoin trading in 2021, NYDIG executives say

On the Alkami front, NYDIG is now part of the company’s Gold Partner program – a milestone in enabling banks and credit unions to offer BTC buy-and-custody products to their customers.

Commenting on the importance of these collaborations, NYDIG Co-Founder and CEO Robert Gutmann said these partnerships were necessary to make Bitcoin easily accessible through legacy financial institutions.

According to Gutmann, such integration efforts will help ensure the continued expansion of the Bitcoin network.

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