Customers Bank Updates Logo, Details CBIT Token in Push for Crypto Clients

Customers Bank Updates Logo, Details CBIT Token in Push for Crypto Clients
A Pennsylvania bank is continuing its journey down the crypto rabbit hole.After announcing last month that it would serve cryptocurrency firms, Customers Bank is refreshing its brand and detailing how its CBIT token, a digital representation of cash, will function.It’s more evidence that mainstream banks are looking to capitalize on the success of operations like Silvergate and Signature Bank, both of which offer real-time digital asset settlement networks.Customers Bank allows its clients to exchange dollars in their accounts for CBITs, whereby greenbacks are deposited in an omnibus account that holds an equal number of dollars and CBIT tokens. Clients can…