Allied Payment Network, a company that provides digital payments technologies to the financial services industries, has announced they will employe bitcoin as part of their corporate treasury strategy.
In announcing a partnership with NYDIG, Allied said “it will make an allocation to bitcoin for its corporate treasury.”
The bill provider will incorporate bitcoin in its platform and will offer it to financial institutions in a first of its kind.
“Consumers get seamless access to NYDIG’s secure, regulated platform for Bitcoin upon logging into the financial institution’s bill pay platform via online banking or mobile app.
Allied and NYDIG will also be working toward additional capabilities such as the ability for consumers to make digital payments funded by bitcoin,” the company said.
NYDIG provides an entire bitcoin stack from trading to custody to integration, with the company expanding significantly bitcoin enabling banking infrastructure.
This is the first time however that one of their partners has announced they will hold bitcoin as part of their corporate treasury with Allied not specifying just how many coins at this stage.