A family-owned bank has become the first nationally chartered bank in the US to give clients direct access to crypto.
Oklahoma-based Vast Bank has announced a new app that will enable its customers to buy Bitcoin, Ethereum, and five more altcoins.
Through the Vast Bank Crypto Banking application, customers will have the ability to purchase a range of cryptocurrencies including Bitcoin (BTC), Bitcoin Cash (BCH), Cardano (ADA), Ethereum (ETH), Litecoin (LTC), Orchid (OXT), and Algorand (ALGO). Customers can manage their crypto portfolios at any time, and from any location, through the mobile app.
The Vast Bank digital assets team will continuously evaluate new coins to add to the platform. The Vast Bank Crypto Banking service is powered by strategic partnerships with Coinbase and SAP, whose technical expertise across the entire spectrum of banking and cryptocurrencies provides a leading edge in offering one of the simplest and most trusted ways for consumers to access the more than $2 trillion cryptocurrency market.”
The new app marks the second crypto milestone for family-owned Vast Bank, which has been in operation since 1982. Earlier this year Vast became the nation’s first bank “to offer customers the ability to purchase and sell cryptocurrencies alongside a traditional checking account.”
Says CEO Brad Scrivner,
“For quite some time, our customers have been asking why they cannot securely purchase the likes of Bitcoin using their bank account, citing concerns over trustworthiness, safety, and the security of other platforms – all issues which have kept many consumers parked on the sidelines of the crypto phenomenon. We took this challenge head-on, and devoted significant resources to answer this unmet need… in a way that brings peace of mind that only a bank like Vast can provide.”