Allied Payment Network (Allied), a provider of online and mobile digital payment services partnered with NYDIG. The partnership will enable financial institutions to offer bitcoin related services to their customers. NYDIG is a leading technology and financial services firm dedicated to Bitcoin.
The partnership will give the ability to Allied’s customers to buy, sell and hold bitcoin, said an announcement. Allied will also make an allocation to bitcoin for its corporate treasury, facilitated by NYDIG.
Allied is the first bill payment provider to enable such services and offer them to financial institutions. This partnership will help financial institutions to meet the demands of the customers. Now they can provide a secure and easy to use alternative to transacting with bitcoin entities.
Also Read: NYDIG and NCR Allows 650 Banks to Offer Bitcoin Purchases
“Allied’s primary focus is to make it easier for financial institutions to provide value-based technology that differentiates them in the marketplace, attracts new depositors, retains through high engagement, and generates revenue,” said Ralph Marcuccilli, Founder and CEO of Allied payment Network.
