Bitcoin to Get Offered by US Banks as NYDIG and NCR Partner Up

Azeez Mustapha

Updated:

Unlock Daily Forex Signals

Select a Plan

£39

1 - month
Subscription

Select

£89

3 - month
Subscription

Select

£129

6 - month
Subscription

Select

£399

Lifetime
Subscription

Select

£50

Separate Swing Trading Group

Select

Or

Get VIP forex signals, VIP crypto signals, swing signals, and forex course free for lifetime.

Just open an account with one our affiliate broker and make a minimum deposit: 250 USD.

Email [email protected] with a screenshot of funds on account to get access!

Sponsored by

Sponsored Sponsored
Checkmark

Service for copy trading. Our Algo automatically opens and closes trades.

Checkmark

The L2T Algo provides highly profitable signals with minimal risk.

Checkmark

24/7 cryptocurrency trading. While you sleep, we trade.

Checkmark

10 minute setup with substantial advantages. The manual is provided with the purchase.

Checkmark

79% Success rate. Our outcomes will excite you.

Checkmark

Up to 70 trades per month. There are more than 5 pairs available.

Checkmark

Monthly subscriptions begin at £58.


NYDIG and enterprise payments company NCR Corporation has just signed a partnership that would see 650 US banks offer Bitcoin (BTC) and crypto purchases to millions of customers. The new partnership got announced by a Forbes article posting on Wednesday highlighting details of the deal.

After the rollout, financial institutions will have the capacity to invest and trade in cryptocurrency via a mobile app developed by NCR.

Notably, interested financial institutions do not have to bear the burden of holding the crypto asset for customers. Instead, they can outsource that responsibility to NYDIG’s custody services. That said, NYDIG will charge a holding fee while providing additional investment services.

While several traditional financial institutions denigrated Bitcoin and cryptocurrencies during the 2017 bull run, US banks are starting to come around and are eager to join the crypto train. Currently, several banks offer crypto-related products as no bank wants to get left out of the trend. That said, the new partnership between NYDIG and NCR could see banks and credit unions compete with crypto exchanges for customers and market share.

In an interview with Forbes, Douglas Brown, head of digital banking at NCR, noted that his company has high expectations for the cryptocurrency industry in the coming years. He explained that more customers are moving their funds to cryptocurrency exchanges to jump on the trend. He added that “these banks have been eager to join the crypto space and generate some extra income from the market.”

Key Bitcoin Levels to Watch — July 1

Bitcoin bulls appear to be losing control of the market as the benchmark cryptocurrency falls into a bearish spiral towards $33k. BTC got close to reclaiming the $37k level yesterday but met tough resistance at the $36,600 level.

BTCUSD – 4-Hour Chart

That said, we expect the $33k level to cushion the current correction and set BTC back on its broader recovery path. Once again, the target level to break for bulls is the $35k psychological resistance. Failure to clear that level soon could foster consolidation and additional corrections.

Meanwhile, our resistance levels are at $35,000, $36,000, and $37,000, and our key support levels are at $33,000, $32,000, and $31,000.

Total Market Capitalization: $1.38 trillion

Bitcoin Market Capitalization: $623.2 billion

Bitcoin Dominance: 45.3%

Market Rank: #1

 

You can purchase crypto coins here: Buy Tokens

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
9
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9

Share with other traders!

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

Leave a Reply

Your email address will not be published. Required fields are marked *