New York Digital Investment Group (NYDIG) has partnered with Q2, a digital services provider for financial institutions, to provide Bitcoin (BTC) access to U.S. bank account holders.

The partnership will potentially open up channels for buying, selling and storing bitcoins for roughly 18.3 million American bank customers, according to a statement released Wednesday.

In fact, the internet banking provider served about 30% of the top 100 US banks and more than a tenth of the nation’s digital banking customers in the second quarter.

As Cointelegraph previously reported, NYDIG has begun work to offer Bitcoin trading services to Americans through bank accounts. At that time, the company partnered with the fintech division of Fidelity National Information Services to enable American lenders to offer cryptocurrency trading services to their clients.

In addition to Q2, NYDIG also partnered with digital banking cloud provider Alkami and global payment service provider Fiserv to bring bitcoin access to more customers in financial institutions.

Details of the partnership with NYDIG in a separate announcement, Fiserv said the partnership is targeted at banks and credit unions amid growing interest in BTC.

First Foundation Bank, a California-based financial institution, is reportedly working with NYDIG and Fiserv to trade bitcoins and store their clients. Last April, the bank’s parent company, First Foundation Inc. Ltd. in New York has provided access to clients with bitcoin-based investment products.

RELATED: US Banks To Allow Bitcoin Trading In 2021, Says NYDIG CEO

As for Alkami, NYDIG is now part of the company’s Gold Partner program – an important step that allows banks and credit unions to offer their customers products with the ability to buy and store bitcoins.

Commenting on the importance of this collaboration, Robert Guttman, co-founder and CEO of NYDIG, said these partnerships are needed to facilitate access to bitcoin in legacy financial institutions.

These integration efforts will help drive further expansion of the Bitcoin network, Gutmann said.

Source: CoinTelegraph

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