A family owned bank is the first nationally chartered bank in the US to offer customers direct access to crypto.
Oklahoma-based Vast Bank has announced a new app that allows its customers to buy Bitcoin, Ethereum, and five other altcoins.
“The Vast Bank Crypto Banking application gives customers the ability to purchase a range of cryptocurrencies, including Bitcoin (BTC), Bitcoin Cash (BCH), Cardano (ADA), Ethereum (ETH), Litecoin (LTC), Orchid ( OXT.). ) and Algorand (ALGO). Customers can manage their crypto portfolios at any time and from any location via the mobile app.
Vast Bank’s Digital Assets team will continuously evaluate new coins to add to the platform. Vast Bank’s crypto banking service is backed by strategic partnerships with Coinbase and SAP, whose technical expertise across the spectrum of banking and cryptocurrencies gives them a head start in delivering one of the easiest and most trusted options for consumers on the more than $ 2 trillion to access the cryptocurrency market. “
The new app marks the second crypto milestone for Vast Bank, which has been family-owned since 1982. Earlier this year, Vast was the country’s first bank to “offer customers the ability to buy and sell cryptocurrencies alongside a traditional checking account”.
Says CEO Brad Scrivner,
“For some time now, our customers have been asking why they can’t securely buy bitcoins from their bank account, citing concerns about the trustworthiness, security, and security of other platforms – all issues that many consumers have parked on the sidelines” of the crypto phenomenon . We took up this challenge head on and devoted significant resources to addressing this unmet need … in a way that gives the peace of mind that only a bank like Vast can provide. “
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Featured image: Shutterstock / mona redshinestudio