Southland Credit Union on Monday (July 18) teamed up with bitcoin platform NYDIG to become the second credit union in Southern California to offer cryptocurrency buying and selling services, according to a joint press release.
As part of the collaboration, Southland Credit Union members can now buy, sell and hold bitcoin in a secure digital asset account, using an integrated digital banking mobile app, the press release said. To celebrate the rollout of the new crypto feature, Southland members who enroll before Oct. 18 get $5 in free bitcoin.
“After the successful launch of our enhanced digital banking services in 2021, Southland made a commitment to continue delivering cutting-edge technologies to our members,” said Southland President and CEO Tom Lent, in the release. “Credit unions like Southland have an opportunity to provide safe and accessible cryptocurrency services to our members.”
Southland said its cryptocurrency mobile app features easy enrollment, no hidden fees and the ability to fund bitcoin purchases directly from a Southland account. Southland intends to explore ways to expand its cryptocurrency offerings beyond bitcoin. Southland’s digital banking provider, Alkami, has also partnered with NYDIG to facilitate the delivery of the mobile feature to app users, the release said.
“As the second credit union in the Southern California area to launch bitcoin services with NYDIG, this partnership is monumental for the wider adoption of bitcoin, and…
