Sullivan Bank will offer bitcoin and ethereum to customers
It became known that Bakkt and Sullivan Bank signed a partnership agreement to join forces. This is to enable customers to buy and trade bitcoin (BTC) and etherium (ETH) cryptocurrencies.
Bakkt Holdings representatives will help Sullivan Bank integrate the necessary technology to begin providing cryptocurrency-related services. Citizens will be able to store, sell and buy the two largest digital currencies.
Sullivan Bank was founded in 1895, but now for the first time planned to offer consumers the purchase of cryptocurrencies. The company is owned by Intercontinental Exchange. Bakkt Crypto Connect technology will enable customers of the financial institution to buy, sell and store two key cryptocurrencies seamlessly using the bank’s mobile app or personal account on its website.
The package of services provided by Bakkt includes not only the ability to trade and store virtual assets, but also tax reporting, customer service, educational resources and more.
Mark Elliott, the company’s marketer, assured that the firm will try to do its best to provide high-quality products and services. The new collaboration will popularize cryptocurrency assets among ordinary citizens and bring bitcoin and etherium closer to mass adoption.
Earlier, representatives of Bakkt Holdings announced the signing of an agreement with Hanover Bank on February 1, 2022. This financial institution also used the services of the cryptocurrency company and integrated digital currencies into its service. Customers were able to conduct transactions with Bitcoin (BTC) and Ethereum (ETH).