Flushing Bank To Offer Bitcoin Services Through NYDIG

• Flushing Bank customers volition soon beryllium capable to buy, sell, and clasp bitcoin straight wrong their online banking accounts.
• The NY State-chartered slope volition alteration the functionality successful Q1 done NYDIG and Q2 Holdings.
• Q2 provides integer banking solutions to Flushing Bank.

Flushing Bank, a New York State-chartered commercialized bank, volition connection Bitcoin services to its customers successful Q1 2022, the institution said successful a Tuesday statement.

The steadfast is the latest accepted fiscal instauration to leap connected the Bitcoin bandwagon successful a concern with organization bitcoin broker NYDIG, who volition facilitate the integration of bitcoin purchasing, selling, and holding solutions to the Flushing Bank’s online banking provider, Q2 Holdings.

“Using NYDIG’s innovative exertion to supply seamless entree done our narration with Q2, our online banking provider, we volition beryllium capable to connection our customers the quality to buy, sell, and clasp bitcoin,” said John R. Buran, Flushing Bank’s president and CEO, per the statement. “This concern provides our customers with a afloat integrated solution to behaviour bitcoin transactions successful a harmless and unafraid environment.”

Buran added that the determination is portion of Flushing Bank’s “ongoing integer transformation” arsenic the fiscal instauration seeks to enactment existent connected emerging trends and the corresponding user demand.

“Consumer involvement successful bitcoin is increasing rapidly and NYDIG has the tools and expertise to assistance assemblage banks conscionable that demand,” said Patrick Sells, CIO astatine NYDIG, according to the statement. “Together with forward-thinking institutions similar Flushing Bank, we’re connected the way to achieving our ngo of bitcoin for all.”

In June, NYDIG partnered with integer banking solutions supplier Q2 to bring entree to bitcoin to much than 18 cardinal end-consumers done Q2’s organization clients. The collaboration began showing results a fewer months aboriginal erstwhile Five Star Bank and UNIFY recognition national became the archetypal 2 Q2 clients to opt into the Bitcoin ecosystem.