STAR Bank and the Alkami team for Bitcoin trading
STAR Bank will be Alkami Technology’s first client to use the company’s technology to deliver cryptocurrencies to its clients, the companies said in a joint press release on Tuesday, November 2.
Alkami, a cloud-based digital banking solutions provider, will provide STAR Bank with NYDIG platform technology through the partnership, which enables customers to offer crypto transparently and in compliance with regulations.
Traditionally, end users have had to establish new financial relationships to manage crypto holdings, often through unregulated entities. Instead, users will now be able to manage their bitcoin alongside their traditional assets.
The statement added that financial institutions will also gain a way to generate new income and get more customers.
“STAR Bank is committed to providing personalized banking solutions through the innovative use of technology to support people on their financial journey,” said Brian Avery, vice president of technology and digital strategy at STAR Bank. . “We want our clients to feel confident and competent in engaging in emerging investment opportunities. That’s why we’re excited to offer fully integrated bitcoin services into our mobile app by leveraging the robust Alkami platform.
Alkami Founder and Chief Strategy and Sales Officer Stephen Bohanon said the partnership would help STAR Bank “stay at the forefront of digital banking by providing their valued customers with a streamlined entry ramp. to buy, sell and manage bitcoin under the STAR trust mark ”.
In other news regarding the crypto and banking teams, digital asset platform Bakkt saw the share price rise after working with Mastercard to provide customers with crypto access. Mastercard will authorize Bakkt’s crypto offerings through its wide range of banking and purchasing options.
See more : Bakkt Stock Approaches $ 25 Per Share After Mastercard Crypto Association
Users will be able to buy, sell and hold cryptocurrencies in wallets, with Mastercard partners also having the option of issuing cryptocurrency credit and debit cards and offering cryptocurrencies as rewards from the program. loyalty.
“We are incredibly excited to partner with Mastercard to bring crypto loyalty services to millions of consumers,” said Nancy Gordon, Executive Vice President of Loyalty Rewards and Payments at Bakkt, in the report. “As brands and merchants seek to attract younger consumers and their transaction preferences, these new offerings represent a unique opportunity to meet the growing demand for flexibility in crypto, payment and rewards. “