Southland Credit Union has announced that it will use the New York Digital Investment Group (NYDIG) custodial platform and infrastructure to allow its customers to buy, sell and hold bitcoin (BTC). At the same time, it was noted that users could not transfer cryptocurrency from one wallet to another. Instead, they will be offered the function of selling coins and withdrawing money to fiat. Services will be available through a mobile banking application.
Representatives of the organization also said they decided to celebrate this event and offered their customers a limited-time promotion. According to official data, all users who register on the platform before October 18, 2022, will receive $5 in BTC for free.
Following the successful launch of enhanced digital banking services in 2021, Southland Credit Union has pledged to continue providing cutting-edge technology to members of the domestic community, the organization said. President and CEO Tom Lent stated this. He stressed that his firm is happy to integrate the new technology into the site.
The NYDIG team also noted that they are pleased with the new cooperation. Ram McDaniel, head of banking solutions at the company, assured that this partnership is of monumental importance for the wider adoption of the bitcoin industry and marks the next step in the evolution of the company and the adoption of cryptocurrencies by the global community.