Q2’s Banking Platform to Enable Over 18 Million Users to Buy, Sell, Hold Bitcoin
Q2’s digital banking platform, which currently powers nearly 30% of the top 100 banks in the U.S., will allow more than 18.3 million registered users to buy, sell, and hold bitcoin.
- Q2 Holdings Inc. (NYSE:QTWO) provides digital banking and lending solutions to banks, credit unions, alternative finance, and fintech companies globally.
- According to the company, the Q2 digital banking platform currently powers nearly 30% of the top 100 banks in the U.S.
- Q2 announced Wednesday that it will collaborate with New York Digital Investment Group (NYDIG) “to offer integrated bitcoin solutions for financial institutions via Q2’s digital banking platform.”
- The announcement states:
They will collaborate to provide the 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 firm dedicated to bitcoin. It is a subsidiary of Stone Ridge, a $10 billion alternative asset manager.
- Q2 will leverage NYDIG’s “secure, regulated, full-stack bitcoin platform” to allow its financial institution clients to provide their customers with “integrated bitcoin services and further drive end-user acquisition, retention and engagement, while increasing fee revenue opportunities,” the announcement details.
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