As multiple countries such as Russia, Indonesia, and more continue to take a stab at crypto and its adoption, other events counter the effects. One such event is the announcement by Flushing Bank of its plans to offer Bitcoin services to its customers.
Bitcoin FUD About To Be Flushed
The parent company behind the Flushing Bank, Flushing Financial Corporation, made the announcement today as the bank entered into an agreement with Bitcoin company NYDIG. The deal is aimed at providing Bitcoin-based services to its customers.
The President and CEO of the Flushing Financial Corporation stated during the announcement:
The Bank has already established its roots in Queens, Brooklyn, Manhattan, and Long Island, and with these services, its presence could expand if investors are interested in these Bitcoin services.
The crypto adoption in NYC has been growing with the citys mayor, Eric Adams, himself accepting his paycheck in Bitcoin recently. And this announcement could draw the attention of more people towards crypto.
Not the First Bank Though
Even before the Flushing Bank, many other significant banks announced their involvement with cryptocurrencies, including Standard Chartered, Citibank, JPMorgan Chase, Goldman Sachs, etc.
Just recently, the Bank of America too agreed that the evolution of digital currencies at the moment makes a United States own CBDC inevitable in the future.
All these adoptions provide crypto-invested investors a lot of hope for mainstream adoption.
