With cryptocurrencies all the rage, the Gen Y and especially the Gen Z generations of today are hoarding more of such asset class. Any banks which would want to stay relevant in the next decade must invariably offer cryptocurrency banking, regardless if they like it or not.
The onramp to offer such cryptocurrency banking service is now made easier with a solution from NYMBUS which offers financial institutions with the ability to offer Bitcoin products and services.
According to a new NYDIG consumer survey, more than 22 percent of U.S. adults over the age of 18 own Bitcoin today. The NYMBUS solution will be available through NYDIG’s Bitcoin platform. It takes care of stringent regulatory and audit standards thus allaying fears and uncertainties for the tightly regulated financial institutitions.
“The new era for financial institutions is about leveraging digital to drive revenue and profitability, and it is a myth that challengers own this space,” said Jeffery Kendall, CEO of Nymbus. “With the right tools, processes and technology partners, there is nothing preventing traditional banks and credit unions from achieving next-generation growth. We’re proud to work in partnership with NYDIG to deliver Bitcoin to banks and credit unions, and to deliver impactful innovation that is achievable at a pace previously unseen by the traditional institution.”
“As a notable advocate for financial institutions, Nymbus stood out as a partner to take our vision for Bitcoin and banking to the next level,” said Patrick Sells, Head of Bank Solutions at NYDIG. “As a former banker and technology evangelist, I couldn’t be more excited to bring Bitcoin and banking together, and I see it as a win/win. Consumers win by gaining the ability to custody Bitcoin through their trusted financial partner, and the financial institution is able to earn meaningful non-interest income. We look forward to working with Nymbus and their customers to usher in a new age of banking.”
Perhaps, in the next few years, we will be depositing and withdrawing cryptocurrencies in the nearest ATMs.
