Fort Wayne-based payment services provider allows customers to purchase, sell and hold bitcoin.
Allied Payment Network (Allied), a provider of online and mobile electronic payment services for community financial institutions, announced Tuesday that it had entered into a partnership agreement with NYDIG. NYDIG is a top technology and financial services company dedicated to bitcoin.
Financial institutions can now offer customers the option to purchase, sell, and hold bitcoin through this partnership. Allied is the industry’s first bill payment provider to integrate this service into its platform and make it available to financial institutions.
According to a 2021 Mercator Advisory Group report, bitcoin adoption has increased by 207% in the 10 years since July 2010. This partnership allows financial institutions to meet this demand while offering consumers an easy and secure alternative to dealing with unregulated bitcoin entities.
After logging in to the bill payment platform of the financial institution via mobile app or online banking, consumers have seamless access to NYDIG’s secure, regulated bitcoin platform.
Allied and NYDIG are also working together to develop additional capabilities, such as the ability of consumers to pay digitally using bitcoin.