Business woman using tablet with cryptocurrency bitcoin link network concept Source: Adobe Stock.

On Monday, fintech behemoth Fiserv stepped into a new realm of its payments services with a strategic partnership announcement with digital asset platform Bakkt in Alpharetta, Ga. The joint effort aims to bring practical uses of cryptocurrency into daily life. An element of the new partnership appears to also be a service that credit unions can, at some point, offer to their members.

The Brookfield, Wis.-based Fiserv said the future integration of Bakkt into Fiserv’s Carat omnichannel ecosystem would allow business clients to use crypto assets in B2B and B2C payouts, all accessible by using a digital asset wallet.

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Michael Ogden

Editor-in-Chief for CU Times. To connect, email at [email protected].

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