Flushing Bank To Offer Bitcoin Services Through NYDIG

Flushing Bank, a New York State-chartered Commercial Bank, will offer Bitcoin services for its customers in Q1 2022. The company stated this in a Tuesday statement.

This partnership will see the firm integrate bitcoin buying, selling and holding solutions into Flushing Bank’s online bank provider Q2 Holdings.

According to the statement, John R. Buran (President and CEO of Flushing Bank) stated that NYDIG’s innovative technology will allow seamless access through Q2, an online banking provider. This will enable us to offer customers the ability to purchase, sell and hold bitcoin. This partnership gives our customers a complete solution for bitcoin transactions that is safe and secure.

Buran said that Flushing Bank’s “ongoing digital transformation” is the reason for the move. The financial institution wants to keep up with emerging trends and consumer demand.

According to the statement, ‘Consumer interest is growing rapidly in bitcoin and NYDIG possesses the tools and expertise necessary to help community banks meet this demand.’ Patrick Sells, NYDIG’s CIO, stated that. “Together, with forward-thinking institutions such as Flushing Bank we are on the road to realizing our mission of Bitcoin for All.”

NYDIG and digital banking solutions provider Q2 partnered in June to provide bitcoin access to more than 18,000,000 end-consumers via Q2’s institutional customers. The collaboration started and showed results when Five Star Bank, UNIFY credit union, and UNIFY bank became the first Q2 clients to opt in to the Bitcoin ecosystem.

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