Benzinga | Jun 23, 2021 04:36PM EDT

Q2 And NYDIG Announce Collaboration To Offer Q2 Users To Buy, Sell And Hold Bitcoin

NYDIG, a leading technology and financial services firm dedicated to Bitcoin, and Q2 Holdings, Inc. (NYSE:QTWO), a leading provider of digital transformation solutions for banking and lending, today announced they will collaborate to provide the more than 18.3 million registered users on the Q2 platform with the ability to buy, sell and hold Bitcoin.

Q2's flexible, modern, and open digital banking platform currently powers nearly 30 percent of the top 100 banks in the U.S. and enables one out of 10 digital banking customers to transact and engage via cloud-based digital solutions anytime, anywhere and on any device.

By leveraging NYDIG's secure, regulated Bitcoin platform, Q2's financial institution clients will be able to provide their customers with integrated Bitcoin services and further drive end-user acquisition, retention and engagement, while increasing fee revenue opportunities.

"According to a December 2020 study by Cornerstone Advisors, 15 percent of U.S. consumers own Bitcoin or some other form of cryptocurrency," said Jonathan Price, EVP of Emerging Business, Corporate and Business Development, Q2. "The consumer survey also revealed that the majority of these crypto owners would use their banks to invest in cryptocurrency if they had the choice to do so. We are excited to work with NYDIG to enable financial institutions to take advantage of this market opportunity and meet the demands of their account holders."

Robert Gutmann, co-founder and CEO of NYDIG, said, "NYDIG is proud to collaborate with Q2 to deliver on our shared mission of helping banks, credit unions and fintechs provide innovative and seamless access to Bitcoin. The work we will do together will be key to making Bitcoin as easily accessible as possible through incumbent financial institutions, enabling the continued growth of the Bitcoin network."

Source: Cornerstone Advisors Survey of 3,898 consumers, December 2020