NYDIG and Q2 Announce Collaboration to Offer Integrated Bitcoin Solutions for Financial Institutions via Q2’s Digital Banking Platform
- S&P 500 nears record high on stimulus hopes, strong earnings
- 'Becoming JP Morgan of the Future': Square (SQ) Dips on Deal to Acquire BNPL Afterpay For $29B in Stock, Benefits Outweigh High Price Says Analyst
- Oil prices hit by concern over Chinese economy and higher supply
- ON Semiconductor (ON) Surges on Strong Q2 Results and Q3 Outlook
- Dollar down again as dovish Fed tone prevails ahead of data
Get instant alerts when news breaks on your stocks. Claim your 1-week free trial to StreetInsider Premium here.
Integration will allow Q2’s clients to offer their more than 18 million customers the ability to buy, sell and hold Bitcoin
Collaboration will be powered by NYDIG’s secure, regulated, full-stack Bitcoin platform
NEW YORK & AUSTIN, Texas--(BUSINESS WIRE)-- NYDIG, a leading technology and financial services firm dedicated to Bitcoin, and Q2 Holdings, Inc. (NYSE: QTWO), a leading provider of digital transformation solutions for banking and lending, today announced they will collaborate to provide the more than 18.3 million registered users on the Q2 platform with the ability to buy, sell and hold Bitcoin.
Q2’s flexible, modern, and open digital banking platform currently powers nearly 30 percent of the top 100 banks in the U.S. and enables one out of 10 digital banking customers to transact and engage via cloud-based digital solutions anytime, anywhere and on any device.
By leveraging NYDIG’s secure, regulated Bitcoin platform, Q2’s financial institution clients will be able to provide their customers with integrated Bitcoin services and further drive end-user acquisition, retention and engagement, while increasing fee revenue opportunities.
“According to a December 2020 study by Cornerstone Advisors, 15 percent of U.S. consumers own Bitcoin or some other form of cryptocurrency,” said Jonathan Price, EVP of Emerging Business, Corporate and Business Development, Q2. “The consumer survey also revealed that the majority of these crypto owners would use their banks to invest in cryptocurrency if they had the choice to do so. We are excited to work with NYDIG to enable financial institutions to take advantage of this market opportunity and meet the demands of their account holders.”
Robert Gutmann, co-founder and CEO of NYDIG, said, “NYDIG is proud to collaborate with Q2 to deliver on our shared mission of helping banks, credit unions and fintechs provide innovative and seamless access to Bitcoin. The work we will do together will be key to making Bitcoin as easily accessible as possible through incumbent financial institutions, enabling the continued growth of the Bitcoin network.”
Source: Cornerstone Advisors Survey of 3,898 consumers, December 2020
NYDIG provides Bitcoin technology and financial services solutions to banks, insurers, corporations, and institutions. The firm and its products meet the industry’s highest regulatory, audit, and governance standards. Learn more at nydig.com, or connect on LinkedIn and Twitter.
About Q2 Holdings, Inc.
Q2 is a financial experience company dedicated to providing digital banking and lending solutions to banks, credit unions, alternative finance, and fintech companies in the U.S. and internationally. With comprehensive end-to-end solution sets, Q2 enables its partners to provide cohesive, secure, data-driven experiences to every account holder – from consumer to small business and corporate. Headquartered in Austin, Texas, Q2 has offices worldwide and is publicly traded on the NYSE under the stock symbol QTWO. To learn more, please visit Q2.com.
NYDIG, NY\DIG, and NEW YORK DIGITAL INVESTMENT GROUP are registered trademarks of New York Digital Investment Group LLC. All rights reserved.
Q2 Media Contact
Q2 Holdings, Inc.
Q2 Investor Contact
Q2 Holdings, Inc.
Source: Q2 Holdings, Inc. and NYDIG
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Carrefour: Information Concerning the Total Number of Voting Rights and Shares, Provided Pursuant to Article L.233-8 II of the Code de commerce (French Commercial Code) and Article 223-16 of the Règl
- Homepie Delivers the Best Real Estate Contract & Negotiation App that auto-generates a Purchase Contract
- EY Names AMP Robotics Founder Matanya Horowitz an Entrepreneur Of The Year® 2021 Mountain Desert Region Award Winner
Create E-mail Alert Related CategoriesBusiness Wire, Press Releases
Related EntitiesTwitter, Definitive Agreement, Bitcoin
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!