Bitcoin is the first successful internet money based on peer-to-peer technology; whereby no central bank or authority is involved in the transaction and production of the Bitcoin currency. It was created by an anonymous individual/group under the name, Satoshi Nakamoto. The source code is available publicly as an open source project, anybody can look at it and be part of the developmental process.
Dunedin, Florida-based credit union Achieva launched a platform a place to buy, sell and store cryptocurrency to buy and sell Bitcoin in partnership with NYDIG.
- Achieva Credit Union partnered with Bitcoin bank NYDIG.
- The cooperative launched an app for Bitcoin trading.
- The offer arises in the face of growing customer curiosity.
In a pioneering move,Achieva Credit Unionhas become the first credit union in the state of Florida, USA, to integrate cryptocurrencies.
As reported by Tampa Bay the trading company is getting into the digital digital technologies are these electronic tools that have the ability to generate, store or even process data. asset game with the launch of a digital asset trading application. Bitcoin the biggest and most popular cryptocurrency in the world. It is a decentralized digital currency that enables users to make trustless peer-to-peer transactions. . Achieva partnered with the trading and custodial custodial cryptocurrency businesses are the ones that are in possession of their customers’ funds for the duration of the use of their services. company of Bitcoin NYDIG, which specializes in connecting traditional financial infrastructure with cryptocurrency, to carry out the initiative.
The new application of Achieva which was launched on Tuesday of this week, offers customers the ability to buy and sell bitcoins . The NYDIG team celebrated the co-op’s push for crypto adoption.
Backed by NYDIG, @AchievaCU will become the first credit union in Florida to provide #Bitcoin trading services to its members. We’re proud to continue partnering with financial institutions of all sizes to share in our mission for #BitcoinForAll. https://t.co/I6kCpWxtTL pic.twitter.com/Cd2QRQMKVK
— NYDIG (@NYDIG_BTC) June 8, 2022
Achieva: early adopter of Bitcoin
The digital and infrastructure director of Achieva Tracy Ingram said the application comes in the face of growing customer interest in cryptocurrency cryptocurrencies are digital currencies that use cryptographic technologies to secure their operation. services.
Based in Dunedin, Florida, Achieva already allowed its clients to exchange businesses that allow customers to trade cryptocurrencies for fiat money or other cryptocurrencies. their own products and services for Bitcoin in third-party applications. However, the integration of this process directly from a native application of the cooperative, will seek to give users easier access to such services without the need for third parties.
Ingram said that last year saw its customers exchange USD $2.6 million in cryptocurrencies through third-party apps. Since then, interest in these extended services has grown broadly for the credit union, he explained.
They will come and call and ask, ‘What are we doing? What should we look at?’ There are a lot of consumers who are curious about cryptocurrencies, and that’s no different for our members. They are really looking for information and education on ‘What is cryptocurrency? How does it all work?
According to the report, prior to the official launch of the application, Achieva gave employees $10 to buy Bitcoin as part of an education and training initiative, and NYDIG distributed another $5.
Up to date with regulation
The new application charges a fee of 2% for transactions of Bitcoin which is the only cryptocurrency it offers at the moment. On the other hand, new members who sign up for a cryptocurrency account an account is essentially a whose purpose is to track the financial activities of a specific asset/ via Achieva and NYDIG, you will be able to receive a $5 bonus in Bitcoin , de acuerdo con el informe.
Achieva has pointed out that digital currency currency is a medium of exchange that defines value. holdings or transactions are not guaranteed by the National Credit Union Administration, which is similar to the Federal Deposit Insurance Corporation for banks. On this issue, Ingram said the credit union is constantly monitoring legislative developments and will adjust its programs based on regulations.
“ From a regulatory compliance standpoint, that’s always part of our focus, to really make sure that we’re working with the experts who know what’s coming in. ”, comentó la directora.
The movement of Achieva appears to be the latest sign of interest from U.S. financial institutions looking to jump on the cryptocurrency bandwagon. According to a report at the beginning of the year which consulted with senior credit union executives in the country, one of the priorities the sector sees in terms of staying competitive is the introduction of crypto services.
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Article by Hannah Estefania Perez / DiarioBitcoin
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