Hundreds of Banks in US to Allow Customers to Buy, Sell, Hold Bitcoin Through Existing Bank Accounts
Hundreds of banks in the U.S. will reportedly start offering access to bitcoin to their customers this year, thanks to a partnership between Fidelity National Information Services and the New York Digital Investment Group. Hundreds of banks have enrolled to participate in the program as they see funds moving from bank accounts to crypto exchanges. Hundreds of Banks to Offer Bitcoin Service Customers of hundreds of banks in the U.S. will soon be able to buy, hold and sell bitcoin through their existing accounts, CNBC reported Wednesday. This will be made possible thanks to a partnership between fintech giant Fidelity National Information Services (FIS) and the New York Digital Investment Group ( NYDIG ), the bitcoin investment arm of $10 billion New York-based Stone Ridge Asset Management. The two firms said that the collaboration is “to enable U.S. banks to offer bitcoin in the coming months,” the publication conveyed. FIS is a vendor to banks with nearly 300 million checking acco