“As a part of our current digital transformation, we tend to recognize the importance of staying current with rising market trends,” said Flushing money Corporation CEO and president John R. Buran.
Flushing financial Corporation, the parent company behind new york-based Flushing Bank has partnered with crypto firm New dynasty Digital Investment cluster (NYDIG) to supply Bitcoin (BTC) services to its customers.
The bank was based in 1929 and in keeping with its Q4 report it command more than $8 billion price of assets at the top of 2021, with a income of around $200 million.
According to an announcement, the partnership with NYDIG can alter the bank to supply its customers BTC shopping for, marketing and holding services in a very “safe and secure surroundings.”
Flushing Bank explicit that it aims to launch its BTC-related services later this quarter and can reveal additional details of its roadmap presently.
Flushing monetary Corporation CEO and president John R. Buran attributed the firm’s BTC adoption play to its need to stay up with growing trends in monetary markets:
“As part of our ongoing digital transformation, we recognize the importance of staying current with emerging market trends and consumer demand for alternate financial services.”
NYDIG may be a heavyweight within the crypto sector that primarily provides BTC-related services and products. The firm raised $1 billion value in funding in December at a valuation of nearly $7 billion.
On the banking front and credit union front, NYDIG states that it's over 35 partnerships within the sector, together with deals with 5 Star Bank, ID Central credit union, STAR Bank, U.S. Bank and NYMBUS to call some.
NYDIG Chief Innovation Officer Patrick Sells explicit on January. 25 that the firm is paying vital attention to partnering with ancient monetary establishments as it’s “ready to indicate the planet that banking is best with Bitcoin.”
(Brian Quarmby, Cointelegraph, 2022)