Q2’s Banking Platform to Enable Over 18 Million Users to Buy, Sell, Hold Bitcoin
Q2’s digital banking platform, which currently powers nearly 30% of the top 100 banks in the U.S., will allow more than 18.3 million registered users to buy, sell, and hold bitcoin.
- Q2 Holdings Inc. (NYSE:QTWO) provides digital banking and lending solutions to banks, credit unions, alternative finance, and fintech companies globally.
- According to the company, the Q2 digital banking platform currently powers nearly 30% of the top 100 banks in the U.S.
- Q2 announced Wednesday that it will collaborate with New York Digital Investment Group (NYDIG) “to offer integrated bitcoin solutions for financial institutions via Q2’s digital banking platform.”
- The announcement states:
They will collaborate to provide the more than 18.3 million registered users on the Q2 platform with the ability to buy, sell and hold bitcoin.
- NYDIG is a leading technology and financial services firm dedicated to bitcoin. It is a subsidiary of Stone Ridge, a $10 billion alternative asset manager.
- Q2 will leverage NYDIG’s “secure, regulated, full-stack bitcoin platform” to allow its financial institution clients to provide their customers with “integrated bitcoin services and further drive end-user acquisition, retention and engagement, while increasing fee revenue opportunities,” the announcement details.
What do you think about Q2 offering bitcoin buying, selling, and holding on its banking platform? Let us know in the comments section below.
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Author: Kevin Helms