- Jack Henry and Associates has partnered with NYDIG to enable its 7 million bank users access to bitcoin.
- Jack Henry will use its existing SaaS platform to enable payments to and from NYDIG.
- This service offers a new revenue stream for banking institutions and credit unions.
Fintech software company Jack Henry & Associates, Inc. (Nasdaq: JKHY) has announced a partnership with bitcoin bank, NYDIG to enable seven million banked customers access to bitcoin, in a press release sent to Bitcoin Magazine.
Many institutions and individuals are holding out on their banks offering bitcoin services due to the fears of overcoming new technology. Business and consumer account holders will be able to utilize NYDIG’s buy-hold-sell capabilities through the Banno Digital Platform serviced by Jack Henry.