Mutual Bank in New Jersey to give customers the opportunity to buy, sell and hold cryptocurrencies - finance
Mutual Bank in New Jersey to give customers the opportunity to buy, sell and hold cryptocurrencies - finance
The Manasquan Bank, a community bank on reciprocity in New Jersey, which has been serving inhabitants since 1874, has announced that it will work with the company to give his private customers the opportunity to buy, sell and maintain cryptocurrencies through the mobile banking application of the bank.
Manasquan Bank grants customers access to crypto
A joint bank based on mutuality based in Wall Township, New Jersey, will give bank customers the opportunity to buy, sell and maintain cryptocurrencies. Manasquan Bank gave this decision in a. known press release edited by Bakkt Holdings, Inc. (nyse: bkkt ). The bank in New Jersey offers private and commercial banking services and operates fifteen separate branches in Middlesex, Monmouth and Ocean Counties.
The partnership of Bakkt with Manasquan Bank is part of the company's early adopter program. The program starts in the second quarter of 2022 and is still subject to the "takeover by the bank's core financial service provider". James Vaccaro, Chairman, President and Chief Executive Officer of Manasquan Bank, explained that the bank focused on doing pioneering work for the future.
"We focus on promoting growth and offering our customers new opportunities to participate in the digital economy," said Vaccaro in a statement. "Our development partnership with BAKKT for the introduction of these new offers and functions comes at an exciting time in which consumers continue to look for crypto-assets as an option for the acquisition of a portfolio of cryptocurrencies, even if this is initially made in very small steps and without" your existing, trustworthy banking. "
Bakkt Executive: Program 'offers Manasquan Bank customers an entry point for the introduction of cryptocurrency as an additional system option'
Bakkt took a number of steps towards the end of 2021 and recently went to the stock exchange after one year spac-fusion in mid-October. Also baks in partnership at Google in the week before the public entry. Last month, bakt revealed the company planned, eth ) services. "This is an incredible opportunity to offer the Manasquan Bank customers an entry point for the introduction of cryptocurrency as an additional system option," said Sheela Zemlin, Chief Revenue Officer at Bakkt, about the partnership with Manasquan Bank.
The BAKKT manager added:
It is clear that cryptocurrency is the center of the web3 economy in which consumers can share in new added value and exchange ideas with digital assets.
What do you think that Manasquan Bank is joining Bakkt's early adopter program and plans to give customers access to cryptocurrencies in 2022? Let us know your opinion on this topic in the comments below.
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