US financial institutions offer bitcoin trading via Fiserv and NYDIG

Fiserv, Inc. a global provider of payments and financial services technology solutions, has partnered with crypto custody company New York Digital Investment Group(NYDIG) to enable customers to manage bitcoin transactions under their financial institution, including buy, sell and hold bitcoins. Besides, Fiserv and NYDIG are working on additional services like giving banks the ability to implement bitcoin-based rewards programs.

First Foundation Bank is the first bank working with Fiserv and NYDIG to launch the service to the market. “If our industry is truly committed to innovation and the financial future of our clients, we need to lead in this area and help create a secure and trusted platform for using bitcoin for everyday financial matters.” said Scott F. Kavanaugh CEO of First Foundation Inc.

Back to May, NYDIG has partnered with Fidelity National Information Services(FIS) to offer United States banks to provide crypto trading services to their customers this year, over hundreds of US banks have already joined the program.

Apart from the bitcoin trading services provided by financial institutions, Australia’s Lloyds Auctions becomes the second auction to accept cryptocurrencies like Bitcoin and Ether for bidding any items on the marketplace, following Sotheby’s. A $75,000 caravan was sold to a bidder who pay the full price with crypto after a few hours the announcement was released.

TideBit is a leading crypto asset exchange supporting fiat currency.