Computer Services Inc. (CSI), a leading fintech solutions provider, has partnered with digital asset company New York Digital Investment Group (NYDIG) to enable banking customers to buy, sell, and hold bitcoin (BTC).
According to the announcement, the service will be integrated into CSI’s full suite of digital banking technology, which currently offers a wide range of solutions for traditional financial institutions, including digital payments and mobile banking.
Growing Intention to Buy BTC from Banks
CSI stated that it chose to offer a full suite of Bitcoin services to traditional financial institution customers due to the growing interest in BTC.
Following a survey conducted by NYDIG last year, 80% of respondents declared their openness to buying bitcoin via their bank accounts if the service is available.
In addition, 71% of the survey participants who had already gained exposure to the world’s largest cryptocurrency noted that they would not mind changing their primary bank for another that offers bitcoin services.
As a result of the growing interest in Bitcoin services from bank clients, CSI, which services 2,700 traditional financial institutions, chose to provide bitcoin services to banking customers.
Giovanni Mastronardi, CSI’s group president of Enterprise Banking, said the company is committed to helping its clients remain on the edge of innovation, adding:
“It’s vital that we enable community financial institutions to grow their assets and reach new customers by integrating Bitcoin along with our suite of innovative digital banking products.”
Banks Interested in Bitcoin
Per the announcement, community banks in the United States have shown interest in offering Bitcoin services to their clients.
However, the major issue has been their inability to “provide a secure and compliant environment to maintain the trust that their customers place in them,” Patrick Sells, NYDIG Chief Innovation Officer, said.
Although a few U.S. banks, including Five Star Bank, have been able to offer Bitcoin services to their clients via the NYDIG solution, Sells believes the initiative will onboard more community banks while helping them remain compliant and secure.
