With the increasing rate of bitcoin adoption in recent months, a survey has revealed that more than 46 million American citizens now hold bitcoin.
The survey, which was conducted by the popular cryptocurrency custody firm New York Digital Investment Group (NYDIG), indicated that over 22% of American adults own bitcoin.
However, with the rate of bitcoin adoption in the world, only a few traditional financial institutions like banks offer bitcoin and crypto-related services to their clients
Holders Want More Bank Involvement In Bitcoin
The survey went on to reveal that a higher percentage of the interviewees would feel more comfortable buying and storing their bitcoins in banks.
About 80% of the surveyed bitcoin holders said that they would readily move their bitcoins to the bank if they had strong security systems in place.
On the other hand, 71% said that they would not hesitate to change their primary bank to one that offers bitcoin-related services in addition to conventional bank services.
The results of this survey indicate that banks can play a very important role in bitcoin mainstream adoption since a majority of holders see banks as their trusted financial providers.
By making bitcoin readily accessible to their clients, banks can help investors to feel safe when investing in bitcoin, encouraging more people to join the bitcoin bandwagon.
The NYDIG Solution
To help make bitcoin accessible to a lot of users in various new and creative ways, NYDIG had recently come up with an initiative that will ensure that several American banks start offering bitcoin services to their clients.
The company recently stated that it will soon launch an initiative that will allow U.S. traditional financial users to buy, sell, and hold bitcoin in their bank accounts.
It added that it had entered a partnership with American payment services provider, Fidelity National Information Services (FIS) to help with the initiative.
Soon, Americans will be able to buy and store bitcoin in their local bank accounts, encouraging financial inclusion.
Affiliate: Get a Ledger Nano X for $119 So That Hackers Won't Steal Your Crypto!