Q2’s digital banking platform currently supports nearly 30% of the top 100 banks in the United States, and will allow more than 18.3 million registered users to buy, sell and hold Bitcoin.

  • Q2 Holdings Inc. (NYSE: QTWO) provides digital banking and loan solutions to global banks, credit unions, alternative finance and financial technology companies.
  • According to the company, the Q2 digital banking platform currently supports nearly 30% of the top 100 banks in the United States
  • Q2 announced on Wednesday that it will cooperate with the New York Digital Investment Group (NYDIG) to “provide integrated Bitcoin solutions for financial institutions through Q2’s digital banking platform.”
  • The announcement stated:

They will cooperate to provide 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 company dedicated to Bitcoin. It is a subsidiary of Stone Ridge, which is a $10 billion alternative asset management company.
  • Q2 will use NYDIG’s “secure, regulated, full-stack Bitcoin platform” to allow its financial institution customers to provide their customers with “integrated Bitcoin services and further promote end-user acquisition, retention, and participation, while increasing fee income opportunities “, announcement details.

What do you think of Q2 providing bitcoin trading and holding services on its banking platform? Let us know in the comments section below.

Tags in this story

Asset management, banking platform, digital bank, digital bank platform, financial institution, nydig, Q2, q2 bitcoin, q2 encryption, q2 cryptocurrency, Stone Ridge

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