NYDIG and NCR to Enable 650 US Banks to Offer Crypto Purchases to 24M Customers

The New York Digital Investment Group (NYDIG) and NCR are going to allow 650 US Banks to offer crypto purchases to their 24 million customers. The recent collaboration between NYDIG and enterprise payments goliath NCR should be thanked for this allowance and providing the ability to purchase crypto and hold them in the custody wallets of NYDIG.

NYDIG and NCR Allow US Banks to Offer Crypto Purchases to Its Customers

In accordance with the article published by Forbes, the enterprise payments company NCR, based in Atlanta and the NYDIG are going to offer purchases exposure to crypto especially Bitcoin to their customers of 650 banks.

Also, it has been revealed that the financial institutions will be allowed to put money in cryptocurrencies or trade it via a mobile application that has particularly created by NCR along with the inclusion of community banks.

However, it has already been cleared that they are not going to take the responsibility of holding cryptocurrencies for their clients on their shoulders, but this will surely enable that with assistance from the custody services of NYDIG.

Financial Institutions to be Provided with an Opportunity to Purchase Bitcoin 

The intention of NCR is to provide financial institutions with a chance to purchase Bitcoin and other popular crypto-assets and the ability to spend them well.

The firm told Forbes that the company is a firm believer in the outstanding future of cryptocurrencies and the advantages they can provide to the market.

In addition to this, it should be noted that the director of NYDIG, Yan Zhao released a statement last year that a lot of customers are shifting funds from banks to crypto exchanges.

He mentioned that the banks are now eager to enter the crypto business and stop the shifting of funds from banks to exchanges and join the crypto business in order to generate extra income.