Achieva Credit Union, a credit union, is the first banking institution to launch an application to allow its customers to buy and sell bitcoins (BTC). in Florida.
Achieva Credit Union in partnership with the bitcoin trading company NYDIG, specializing in working with banks, credit unions and other financial institutions. Last year, the company raised $ 1 billion in financing, bringing its valuation to $ 7 billion.
” While Achieva customers may have previously negotiated in bitcoin (BTC) on third – party apps, integrating the process into the credit union’s own app will make it easier for members to access. said Tracy Ingram, Chief Digital and Infrastructure Officer for Achieva.
According to Ingram, over the past year, Achieva has seen its customers trade $ 2.6 million in cryptocurrency through third – party apps.
” Currently NYDIG only works with bitcoin (BTC), but the company is considering including other cryptocurrencies “Ingram said.
Prior to the launch of the app, Achieva gave his employees $ 10 to purchase bitcoin (BTC) as part of an education and training initiative, to which NYDIG contributed an additional $ 5. As part of the initial launch of the app, customers can receive $ 5 worth of bitcoins (BTC).
Bitcoin (BTC) and regulation
Ingram said Achieva is monitoring any potential legislation that could impose new regulations on the cryptocurrency industry and will adjust its programs accordingly.
” In terms of regulatory compliance, it is always part of our goal to ensure that we work with experts who keep up to date with new rules. “.
There is no doubt that other banking institutions will do the same in the coming months, especially since the State of Florida is great crypto friendly.
Get a summary of news in the world of cryptocurrencies by subscribing to our new daily and weekly newsletter service so you don’t miss any of the essential Cointribune!
Subprime, financial crises, galloping inflation, tax havens … Bitcoin was designed for greater transparency and possibly to eventually change the situation. I try to understand this new environment and I try to explain it to myself. The road is long, no doubt, but it’s worth it.