It is quite a good news to hear that Bitcoin which is the father of all cryptos, is now being patronized and accepted by the US banks. Customers of hundreds of banks in the U.S. will soon be able to buy, hold and sell bitcoin through their existing accounts which was made possible by the partnership between fintech giant Fidelity National Information Services (FIS) and the New York Digital Investment Group (NYDIG).
From report, it had be noted that banks used to steer clear of bitcoin but they are now asking about providing crypto investment services because they can see their customers moving money out of their bank accounts to crypto exchanges.
FIS will handle the link to lenders while NYDIG, not banks, will take care of bitcoin custody and trade execution, the publication noted https://news.bitcoin.com/hundreds
From report, it had be noted that banks used to steer clear of bitcoin but they are now asking about providing crypto investment services because they can see their customers moving money out of their bank accounts to crypto exchanges.
FIS will handle the link to lenders while NYDIG, not banks, will take care of bitcoin custody and trade execution, the publication noted https://news.bitcoin.com/hundreds
Would be good for elderly people who heard about bitcoin and wanted to keep their life savings in cryptocurrency but afraid to do this themselves because of the lack of knowledge. Why after this news bitcoin didn't hit $100K? How many time do people need to comprehend the significance if this earth-shattering news?
