Stone Rig's Bitcoin investment subsidiary NYDIG and fintech firm FIS have entered into a partnership to help traditional banks offer new Bitcoin-based financial products. 

In a Press release Issued on Wednesday, the financial technology firm Fidelity National Information Services (FIS) announced that it will offer a new financial solution, in partnership with the firm New York Digital Investment Group LLC (NYDIG), to allow banks the possibility of offering their clients and users the purchase, sale, management and storage of Bitcoin (BTC) in an easy and interactive way. 

According to The report of StatistaThe United States has a population of approximately 331,4 million, of which about 65% are adults. For its part, the World Bank points out in its database Global Findex that nearly 93% of the country's adult population is banked; that is, nearly 200 million Americans have access to bank accounts and the financial services offered by banks and traditional financial institutions. 

Thus, the new solution that FIS and NYDIG will implement will make Bitcoin available to these 200 million banked citizens in the United States, driving mass adoption of this digital asset. Robert Gutmann, co-founder and CEO of NYDIG, noted that every day users demand greater exposure and accessibility to the cryptocurrency, which is why it is the duty of companies like NYDIG, a firm that makes it easier for institutions to invest in Bitcoin, to close the accessibility and credibility gap that currently exists between Bitcoin, as a cryptocurrency and alternative financial system, and traditional banking. 

Gutmann said that NYDIG's partnership with FIS will allow both firms to create an innovative product that makes it easy and secure for millions of banking customers to buy, sell and hold their bitcoin cryptocurrencies in an easy and fluid way. 

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Responding to the demand for Bitcoin

NYDIG's technology to facilitate access to Bitcoin will be the basis of the new service offered by the firms. In the statement, FIS explains that NYDIG will provide a regulated, highly secure trading and custody platform to allow transactions in Bitcoins. For its part, FIS will provide its Digital One Mobile technology to provide an easy and intuitive interface to use, which will connect clients and users with new financial services in Bitcoin, without losing accessibility to their traditional banking products through the application.

“Once a financial institution enables this solution, its customers will be able to view and manage their bitcoin holdings alongside their traditional accounts in one place.”

This will be the industry’s first complete solution that will allow banks to provide bitcoin services through a seamless digital experience, FIS says. The growing adoption and demand for Bitcoin from investors, companies and other consumers is drawing the attention of traditional banking, which is shifting its focus towards the world’s first successful cryptocurrency. 

From skepticism to credulity

At the end of April, Bit2Me News reported on the growing interest of banks in Bitcoin, which is driving entities , the US Bank, BNY Mellon, Société Générale, JPMorgan, Goldman Sachs y BBVA to implement new services to offer accessibility to the cryptocurrency, highlighting the need for banks to change their skepticism to credulity towards Bitcoin. 

A few years ago, this cryptocurrency was considered a financial bubble that would burst at any moment; however, the development and confidence that BTC has generated in hundreds of millions of users and retail and institutional investors around the world, make it today called "the currency of the future" and "gold 2.0". 

Thus, the banks' approach to the alternative financial system offered by this cryptocurrency will help traditional entities to secure their future, in a world increasingly detached from fiat money, and seduced by technology and digital services that significantly facilitate daily life. According to the Deutsche BankThe technology provided by Bitcoin and cryptocurrencies is paving the way for the new money of the 21st century, and those banking and financial entities that do not delve into the transcendental changes that digital assets are generating within current financial systems and the global economy will be left behind. 

At the close of this edition, BTC is listed on the markets with a value of $57.500, a growth of more than 1.600% after the abrupt fall caused by the expansion of COVID-19 in March of last year. 

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