US Valliance Bank to work with cryptocurrencies

This functionality will be implemented with the support of the Bakkt crypto platform

15.02.2022 - 08:35

152

1 min

What’s new? Bakkt, an institutional cryptocurrency platform, and US Valliance Bank have announced that they are working on a joint project. The collaboration will see the bank launch a feature for its clients to buy, sell and store digital assets.

We’re pleased to be working with a leading provider of tailored financial solutions, @VallianceBank, to allow their bank customers to buy, sell and hold crypto in one seamless experience. Read more: https://t.co/PkUGVWNivT pic.twitter.com/VWkGFyFzYV— Bakkt (@Bakkt) February 14, 2022

What else is known about the new service? A separate mobile application will be launched to handle cryptocurrency assets. The bank’s clients will be able to use it to buy Bitcoin and Ethereum. It is not yet known about the support of other types of assets. The service will be launched as early as the second quarter of 2022.

The Bakkt platform will be responsible for the technical side of the issue. According to its representatives, Valliance Bank is not the only financial institution in the United States that is introducing a new service. Other partner banks of the platform may also announce cryptocurrency support shortly.

Author: