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FIS enables Bitcoin purchases from bank accounts

May 06, 2021

That’s an industry-first solution for FIS’ core banking clients

FIS Bitcoin

FIS enables Bitcoin purchases from bank accounts. Source: unsplash.com

FIS has announced a solution that enables banks to offer their customers the ability to buy, sell, and hold Bitcoin via their bank accounts.

The new solution taps into the functionality of the FIS Digital On Mobile solution to allow banks to provide Bitcoin services by enabling them to drive fee income and better attract and retain customers.

The secure custodial and trading platform for managing the Bitcoin transactions will be provided by Bitcoin-focused financial services and technology provider NYDIG under a recently signed agreement with FIS.

As demand for Bitcoin as a store of value continues to grow, FIS is focused on enabling our core banking clients to respond to growing market demand and better serve their customers. Unlocking these capabilities for financial institutions of all sizes levels the playing field for banking with Bitcoin and can drive further innovation
Rob Lee, head of Global Core Banking and Channels, FIS

Once a financial institution enables this solution, their customers will be able to view and manage Bitcoin holdings alongside their traditional accounts in a single view.

We’ve reported that FIS introduced ?A2A real-time payments platform.

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Tags: # Bitcoin

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