FIS and NYDIG announce bid to help banks offer bitcoin to their customers


Fintech firm FIS and NYDIG, the bitcoin-focused subsidiary of investment firm Stone Ridge, have partnered on a new service offering that lets banks offer bitcoin capabilities to their customers. 

According to a Wednesday press statement, NYDIG will manage the bitcoin transactions side of the offering while FIS, via its Digital One Mobile tool, will offer the digital experience element. 

NYDIG will manage the bitcoin transactions and the FIS Digital One Mobile tool to offer the digital experience to banks. Customers will be able to see and manage their bitcoin holdings along with their checking and savings accounts, according to the companies.

“While bitcoin adoption is increasing, an accessibility and credibility gap remains for too many who want to buy, sell and hold,” said Robert Gutmann, co-founder and CEO of NYDIG, in a statement. “Our partnership with FIS, and their core banking clients, bridges this gap.”

Along with this partnership, FIS announced that it invested through its venture arm an undisclosed amount to NYDIG, which recently secured funding from First Foundation in addition to its $300 million raised in March and April

Trending Stories

Get Your Crypto
Daily Brief

Delivered daily, straight to your inbox.

SEC said to allow first bitcoin futures ETF to trade in US: report

The U.S. Securities and Exchange Commission is said to be allowing the first Bitcoin futures exchange-traded fund (ETF), per a Bloomberg report. The publication said in a report on Thursday night that the U.S. regulator “isn’t likely to block the products from starting to trade next week,” citing people familiar with the matter. The report […]
Read Full Story
Oct 15, 2021, 2:54AM UTC