Finastra launches first Bitcoin wallet in its app store

The wallet, built on Finastra’s open developer platform, will consolidate Bitcoin transactions, digital payments and account balances into one location

Finastra

Finastra launches first Bitcoin wallet in its app store. Source: finastra.com

Allied Payment Network (Allied) and Finastra have announced Allied Bitcoin Wallet, a new app to be launched on Finastra’s FusionStore.

According to the press release, the service was created by Allied, in partnership with NYDIG. It will enable financial institutions to offer their customers and members the ability to buy, sell and hold Bitcoin via a compliant, secure and turnkey platform.

The wallet, built on Finastra’s open developer platform, FusionFabric.cloud, will consolidate Bitcoin transactions, digital payments and account balances into one location.

The financial institution will not have to hold Bitcoin on balance sheet or transact in bitcoin to offer this service. However, by giving their customers the ability to buy, sell and hold Bitcoin, financial institutions can attract new accountholders, better serve existing ones and create a new source of potential non-interest income.

Allied Bitcoin Wallet—built on Finastra’s open developer platform, FusionFabric.cloud—will consolidate bitcoin transactions, digital payments and account balances into one easy-to-access location for enhanced financial management. The financial institution will not have to hold bitcoin on balance sheet or transact in bitcoin to offer this service. However, by giving their customers the ability to buy, sell and hold bitcoin, financial institutions can attract new accountholders, better serve existing ones and create a new source of potential non-interest income
Vincent Pugliese, SVP and General Manager, Platform, Finastra

We’ve reported that fintech Recharge.com announced $35 million funding round.

SEE ALSO: