USAA Expands Bitcoin Integration to All Members

USAA is expanding its bitcoin integration by allowing all accountholders to connect and view balances on Coinbase from its USAA.com website following its November pilot program.

In a post today, USAA called the pilot run successful and stated that support for the mobile app would likely be rolled out in March. Both USAA.com and the USAA mobile apps were part of the initial trial.

In statements, lead investment associate at the USAA corporate development Jon Cholak, indicated his support for the more widespread rollout, positioning his firm as an early advocate for the technology.

Cholak said:

"Traditionally, USAA is very good about getting in front of emerging technology trends. What we're developing is at the forefront of the financial services industries."

USAA was one of several participants in the $75m Series C round raised by bitcoin services firm Coinbase in January 2015, alongside The New York Stock Exchange (NYSE) and BBVA Ventures.

The Fortune 500 firm has previously said its members are active bitcoin users, and that this was a key reason behind its investment in Coinbase.

USAA image via Facebook

DISCLOSURE

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

Pete Rizzo

Learn more about Consensus 2024, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.