Star Financial Bank (Star Bank) says it has become the first bank in the US state of Indiana to offer bitcoin services to customers. The services will be provided through the New York Digital Investment Group and the Alkami platform. Customers will have the ability to buy and sell bitcoin via the Star Mobile Banking app.
“First Bank in Indiana to Offer Bitcoin Trading Services”
Star Financial Bank (Star Bank) announced Tuesday:
Star is pleased to offer customers the ability to buy and sell bitcoin via the Star Mobile Banking app.
“We are launching this new offering as a closed beta,” the bank added.
Star Bank is an Indiana-based community bank. According to its website, the parent company, Star Financial Group, has $2.80 billion in assets with 36 locations in central and northeastern Indiana.
Bitcoin services are provided by New York Digital Investment Group (NYDIG) via Alkami, a provider of cloud-based digital banking solutions to US banks and credit unions. NYDIG is the bitcoin investment arm of Stone Ridge Asset Management.
According to the announcement published on the Star Bank website:
Star Bank is the first bank in Indiana to offer bitcoin trading services to clients.
Bank customers will have the option to “obtain, sell, hold and manage bitcoin along with their traditional assets,” the announcement details.
Alkami founder and head of strategy and sales, Stephen Bohannon, explained that his company “helps financial institutions achieve success in digital banking by offering the most advanced cloud-based digital banking platform on the market.” “Early tech users appreciate the importance of embracing the bitcoin opportunities,” he said.
What do you think of Star Bank that offers bitcoin trading services? Let us know in the comments section below.
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