Flushing Financial Corporation, the parent holding company for Flushing Bank, announced on Tuesday it has entered into an agreement with NYDIG, a leading Bitcoin company, to offer Bitcoin services to its customers. The bank plans to launch this service in the first quarter of 2022 and will post additional information on its company website.
John R. Buran stated, “As part of our ongoing digital transformation, we recognize the importance of staying current with emerging market trends and consumer demand for alternate financial services. Using NYDIG’s innovative technology to provide seamless access through our relationship with Q2, our online banking provider, we will be able to offer our customers the ability to buy, sell, and hold bitcoin. This partnership provides our customers with a fully integrated solution to conduct bitcoin transactions in a safe and secure environment.”
NYDIG’s products meet the industry’s highest regulatory, audit, and governance standards, enabling financial institutions to maintain strict compliance programs while enhancing the banking experience for customers.
“On behalf of NYDIG, I’m excited to welcome Flushing Bank and its customers to the bitcoin network,” said Patrick Sells, chief innovation officer at NYDIG. “Consumer interest in bitcoin is growing rapidly and NYDIG has the tools and expertise to help community banks meet that demand. Together with forward thinking institutions like Flushing Bank, we’re on the path to achieving our mission of bitcoin for all.”
Flushing Bank, founded in 1929, had total assets of more than $8 billion as of the third quarter of 2021.
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