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Vast Bank is making it easier for retail investors to buy and sell Bitcoin (BTC), Ethereum (ETH), and other cryptos. The bank is rolling out its new crypto banking service allowing its customers to trade in digital currencies via its mobile app.
In a press release on August 25, Vast Bank announced the launch of its new Crypto Banking service. The service is now available to all U.S.-based consumers, who can access the feature via the bank’s mobile app.
Earlier this year, the bank became the first in the U.S. to offer customers the capability of buying and selling cryptos through a traditional checking account. With the new service, the bank’s clients can now make their crypto-related transactions on their mobile phones.
The bank’s mobile app supports seven digital currencies as the moment. These are Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), Litecoin (LTC), Cardano (ADA), Orchid, and Algorand.
“We take pride in getting to know our customers, and that starts with listening,” Vast Bank CEO Brad Scrivner said. “At the heart of many of these conversations is crypto.”
The bank’s decision to offer the crypto service is fueled by demand from its customers. According to Scrivner, clients have been asking why Vast Bank why they cannot securely purchase cryptos like Bitcoin using their bank accounts.
“We took this challenge head-on, and devoted significant resources to answer this unmet need,” the CEO explained. “We're excited to bring this service online, and give all consumers the opportunity to explore the world of cryptocurrencies in a way that brings peace of mind that only a bank like Vast can provide.”
Vast Bank prides itself as being among the first financial institutions to embrace the changing financial landscape. “While other banking institutions have hesitated with cryptocurrencies, we have seized the opportunity to apply innovation and technology to remove the complexity and anxiety associated with owning crypto,” Scrivner added. “We're excited to see how customers will respond to this new service and feel strongly it will put cryptocurrencies on a streamlined path to mass adoption.”
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