NYDIG Taps Fintech Firm Moven to Bring Bitcoin to Your Bank
“If PayPal and Square can do it, then community banks should be able to do it, too,” said Moven founder Brett King.
The neobank has come in for criticism in the past for not allowing users to move their crypto off its platform.
The fintech robo-adviser will likely allow customers to invest as much as 20% of their portfolios in crypto, said Wealthfront Chief Strategy Officer Dan Carroll.
The partnership means Revolut customers' crypto transactions will now be recorded on the blockchain.
The partnership could bring fintech and banking customers into DeFi, says Open Bank Project founder Simon Redfern.
Our fragmented status quo – thousands of tokens, hundreds of dapps – will not work indefinitely without interoperability.
The virtual event, which runs Oct. 19-22, brings together marquee names from Switzerland’s FINMA, Sweden’s Riksbank, Bank for International Settlements, the Commodity Futures Trading Commission and the International Monetary Fund to discuss stablecoin regulation, central bank digital currencies, the future of money and more.