Home Cryptocurrency Fiserv and NYDIG partner to offer their users BTC services

Fiserv and NYDIG partner to offer their users BTC services

by Serge Shlykov

Fiserv Inc., a leading provider of financial services technology, and NYDIG, a leading company in the cryptocurrency and blockchain industry, have announced a partnership to provide bitcoin (BTC) payments to Fiserv’s customers who use NYDIG’s services. NYDIG’s crypto-based platform offers a software development kit (SDK) for NYDIG’s users to build applications that utilize the blockchain technology. These applications can enable NYDIG’s users to access BTC services from NYDIG’s platform, as well as from other third-party platforms that provide BTC services.

Fiserv, a financial services company, and NYDIG, the NY based cryptocurrency exchange, have announced a partnership that will offer clients their customers the ability to pay with their cryptocurrency holdings. Fiserv will allow its banking customers to pay NYDIG in Bitcoin, Bitcoin Cash, Ethereum or Litecoin using Fiserv’s Point-of-Sale terminals. NYDIG will accept the payments in its native cryptocurrency, NYDIG, which has recently seen a rise in value.

Fiserv, the technology leader in banking, today announced a new partnership with NYDIG, the leading digital currency exchange in the country, to provide its bank customers with the best in digital currency services. The partnership between NYDIG and Fiserv, a leader in banking services and payments technology for small and mid-sized businesses (SMBs), will give NYDIG’s customers the ability to trade, send and hold Bitcoin (BTC), Bitcoin Cash (BCH), Ether (ETH) and Litecoin (LTC) directly on their accounts at Fiserv. NYDIG and Fiserv are at the forefront of their respective industries, and this partnership will enable their clients to enjoy digital currency services and

Summary of the situation

– Fiserv has partnered with NYDIG (New York Digital Investment Group) to help its clients better leverage bitcoin.
– Through this partnership, the two companies will make it easier to buy and sell bitcoins.

US-based Fiserv, in partnership with New York Digital Investment Group (NYDIG), plans to offer its customers the ability to buy, sell and hold bitcoins. Irvine, California, are working with First Foundation Bank to bring this new service to market.

Scott F. Cavanaugh, CEO of First Foundation, says the company is committed to innovation and securing the financial future of its clients. He says they should lead the entire industry to help create a secure platform for storing and using bitcoins in everyday financial transactions.

Agreement with Fiserv will help its customers work with bitcoins

 

The deal comes just a month after New York-based Digital Investment Group signed a deal with payment processor FIS for bitcoin services. As part of the merger, FIS invested an undisclosed amount in NYDIG through its investment arm, FIS Ventures.

Byron Vieler, director of data and digital services at US-based Fiserv, noted that digital currencies, particularly bitcoin, have seen explosive growth in recent years. Investing in bitcoin is the most common activity today.

He added that people continue to see financial institutions as a central platform to manage their financial transactions. Helping to provide this opportunity allows banks to position themselves in the world of cryptocurrency. He says credit unions will continue to evolve and play a leading role in the financial lives of their customers.

Both companies will help their clients to invest more

A growing number of major banks are connecting their customers to the cryptocurrency market through bitcoin services. In February, BNY Mellen announced that it was transferring, holding and issuing digital currencies on behalf of its asset management clients.

Goldman Sachs relaunched its trading desk for cryptocurrencies in March. Other organisations have also announced the launch of new digital finance units this month. Wells Fargo said it plans to offer its cryptocurrency investment platform to high-net-worth customers starting in June.

Clients continue to invest in cryptocurrencies despite their volatility. Bitcoin, for example, saw its value drop to $3,850 at the start of the COVID-19 pandemic. This volatility in BTC prices has prompted the Basel Committee on Banking Supervision and the Bank for International Settlements to issue reports on bitcoin.

NYDIG noted that banks could play an important and larger role in the development of Bitcoin. You can offer it in an innovative and new way.

The service offered by Fiserv and NYDIG allows financial institutions to offer their customers a bitcoin-based rewards program.FIServ, a leading provider of enterprise-grade software for the financial services industry, has partnered with NYDIG, a leader in Bitcoin and blockchain technology, to deliver one of the most advanced cryptocurrency solutions to the global financial services industry. NYDIG provides a mobile application for banking and financial services that allows its users to transfer, store and manage their Bitcoins, along with other popular cryptocurrencies, directly from their mobile devices.. Read more about nydig banks and let us know what you think.

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