Kasasa and NYDIG partner to bring bitcoin wallet offerings to community financial institutions

By Pavithra R

Kasasa, a leader in branded, community-powered banking products, has announced partnering with NYDIG to bring Bitcoin offerings to its network of community institutions and their consumers.

“Since Kasasa’s inception, it has proven to be an industry leader in helping financial institutions innovate and stay ahead of the curve. This partnership with Kasasa only further cements its role in the industry as one of the leading conduits for digital transformation, as we seek to bring Bitcoin and banking together in powerful way,” said Patrick Sells, Head of Bank Solutions at NYDIG. 

Bitcoin’s rapid and widespread adoption has created an opportunity for community banks and credit unions to compete for market share. A recent consumer survey from NYDIG revealed that more than 22% of U.S. adults over the age of 18 own Bitcoin today.

Founded in 2017, NYDIG is a leading technology and financial services firm dedicated to Bitcoin for institutions, private clients, and banks. It provides a complete end-to-end institutional-grade platform for secure custody, asset management, derivatives, financing, execution, research and more. Its products are designed to meet the highest regulatory, audit and governance standards. The partnership will enable Kasasa financial institutions to offer Bitcoin products, powered by NYDIG.

Recently, NYMBUS partnered with NYDIG to offer a new age of Bitcoin Banking.

“Clearly, Bitcoin is here to stay, and consumers are demanding that Bitcoin offerings be made through their trusted financial institutions. With this new partnership, we’re looking across the product and services that Kasasa currently offers, as well as future product and service ideas. With NYDIG, we can evaluate new offerings such as a buy-sell-hold wallet while also incorporating Bitcoin into our core rewards business,” said John Waupsh, Chief Innovation Officer of Kasasa.