Search
 

CU Tech Hub

Expert Opinion

Cryptocurrency’s ‘Access’ Issue & How Credit Unions Can Help

Crypto services can help CUs gain a competitive advantage over fintechs and leverage their reputation as protectors of members’ assets.

By Caroline Willard | September 13, 2021 at 10:00 AM
Business woman using tablet with cryptocurrency bitcoin link network concept Source: Adobe Stock

Cryptocurrency has captivated our attention here at Cornerstone, and that of many of our members as well. As crypto creeps into the mainstream, it’s important to have some basic knowledge of digital assets and how credit unions can use them to serve their members.

First, let’s talk about what cryptocurrency is not. It is not traditional fiat currency. There is no checkbook for consumers to carry around and no debit card to swipe at the store. As a digital asset that can be transferred without the assistance of a financial institution, cryptocurrency’s almost ethereal existence, thus far, can be described as invisible or even mythological.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?

NOT FOR REPRINT

© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Dig Deeper

 

Recommended Stories

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2023 ALM Global, LLC. All Rights Reserved.