90 Year Old New York Bank To Offer Bitcoin Services Within 2 Months

As multiple countries such as Russia, Indonesia, and more continue to take a stab at crypto and its adoption, other events counter the effects. One such event is the announcement by Flushing Bank of its plans to offer Bitcoin services to its customers.

Bitcoin FUD About To Be Flushed

The parent company behind the Flushing Bank, Flushing Financial Corporation, made the announcement today as the bank entered into an agreement with Bitcoin company NYDIG. The deal is aimed at providing Bitcoin-based services to its customers. 

The President and CEO of the Flushing Financial Corporation stated during the announcement:

“Using NYDIG’s innovative technology to provide seamless access through our relationship with Q2, our online banking provider, we will be able to offer our customers the ability to buy, sell, and hold bitcoin. This partnership provides our customers with a fully integrated solution to conduct bitcoin transactions in a safe and secure environment.”

In response to the announcement, the CIO of NYDIG stated:

“Consumer interest in bitcoin is growing rapidly and NYDIG has the tools and expertise to help community banks meet that demand. Together with forward thinking institutions like Flushing Bank, we’re on the path to achieving our mission of bitcoin for all.”

The Bank has already established its roots in Queens, Brooklyn, Manhattan, and Long Island, and with these services, its presence could expand if investors are interested in these Bitcoin services.

The crypto adoption in NYC has been growing with the city’s mayor, Eric Adams, himself accepting his paycheck in Bitcoin recently. And this announcement could draw the attention of more people towards crypto.

Not the First Bank Though

Even before the Flushing Bank, many other significant banks announced their involvement with cryptocurrencies, including Standard Chartered, Citibank, JPMorgan Chase, Goldman Sachs, etc.

Just recently, the Bank of America too agreed that the evolution of digital currencies at the moment makes a United States own CBDC inevitable in the future.

All these adoptions provide crypto-invested investors a lot of hope for mainstream adoption.