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Hands presenting a bitcoin symbol Source: Shutterstock

Credit union members will soon have the ability to buy, sell and hold bitcoin through a new app, Allied Bitcoin Wallet. Created by payment platform company Allied Payment Network and NYDIG, the bitcoin-focused subsidiary of alternative asset manager Stone Ridge, Allied Bitcoin Wallet will soon be available to credit unions through the London-based financial software company Finastra’s FusionStore marketplace.

According to Tuesday’s announcement from the Fort Wayne, Ind.-based Allied Payment Network and Finastra, the platform will consolidate bitcoin transactions, digital payments and account balances into one easy-to-access location for enhanced financial management. They also emphasized that participating financial institutions will not have to hold bitcoin on their balance sheet or transact in bitcoin to offer the service. The app was built on Finastra’s open developer platform, FusionFabric.cloud.

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Natasha Chilingerian

Natasha has served as an editor for CU Times since March 2015. She also served as a communications specialist for Xceed Financial Credit Union (now Kinecta FCU) in Los Angeles from 2013-2015, and as a CU Times freelancer from 2011-2013. She has been a professional writer for more than 16 years, specializing in news and lifestyle journalism as well as marketing copywriting for companies in the finance and technology space.

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