Customers Bank Veers Into Crypto With Transfer Token, $1.5B in Crypto-Related Deposits

Posted on by American Coins & Gold

Customers Bank Veers Into Crypto With Transfer Token, .5B in Crypto-Related Deposits
Pennsylvania-based Customers Bank has started onboarding its first cryptocurrency businesses, offering those firms use of a digital asset payments platform plus the bank’s own internal digital fiat token.As such, Customers Bank will compete with Silvergate in California, Signature in New York and only a handful of others openly offering crypto firms basic accounts, as well as a blockchain-based platform for clients to instantly send each other dollars 24/7.Read more: Another US Bank Joins the Small List Willing to Serve Crypto CompaniesThe Tuesday announcement makes good on Customers’ promise to serve the crypto industry back in August of this year.The bank,…