Cryptocurrency

American Bank Announces Partnership With Bakkt for New Crypto Trading Offering

American Bank enhances digital banking performance by extending entry for clients to purchase, promote, and maintain a number of cryptocurrencies

ALPHARETTA, Ga., April 06, 2022–(BUSINESS WIRE)–Bakkt Holdings, Inc. (NYSE: BKKT), a trusted digital asset platform that permits shoppers to purchase, promote, ship and spend a spread of digital belongings, at present introduced that American Bank has chosen the Bakkt® crypto join resolution to allow their financial institution clients to purchase, promote and maintain the 2 largest cryptocurrencies by market capitalization, bitcoin and Ethereum.

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“Shopper saving and investing habits ebb and movement continually, however greater than ever we’re seeing client intrigue and curiosity in cryptocurrency develop,” stated Sheela Zemlin, Chief Income Officer, Bakkt. “Analysis1 has indicated that buyers would like to entry crypto from their present financial institution, and we’re excited American Bank is partnering with Bakkt to supply clients a easy on-ramp to cryptocurrency inside their trusted financial institution relationship. American Bank shares our view that banks have a brief window measured in months or quarters to execute on their crypto methods or threat being left behind.”

American Bank, based mostly in Allentown, PA, constantly works to supply the perfect, most safe digital banking providers to its clients who reside in all 50 states. As extra shoppers acquire curiosity in shopping for cryptocurrency by way of their financial institution, American Bank will be capable to leverage Bakkt’s academic supplies and supply cost-effective entry to cryptocurrency.

“As one of many pioneers in on-line banking innovation and, because the longest working ‘on-line financial institution’ within the nation, we’re all the time wanting for methods to boost our clients’ banking expertise,” stated Mark Jaindl, President and CEO at American Bank. “Bakkt’s strong capabilities create an entry level for us to drive engagement with our clients and seamlessly combine cryptocurrency into our present digital banking platform. We’re proud to say that we’ll be the primary financial institution headquartered within the Lehigh Valley to supply entry to crypto buying and selling.”

The Bakkt® crypto join resolution is anticipated to launch in Q2 2022.

1 Cornerstone Advisors February 2022 research discovered that of Individuals who already maintain Bitcoin or different cryptocurrencies, greater than half stated they’d positively use a financial institution to spend money on crypto if they might, with one other 42% indicating which may achieve this.

About Bakkt:

Bakkt is a trusted digital asset platform that permits shoppers to purchase, promote, retailer, and spend digital belongings. Bakkt’s platform, now obtainable by way of the Bakkt App and to companions, amplifies client spending and bolsters loyalty applications, including worth for all key stakeholders throughout the Bakkt funds and digital belongings ecosystem. Launched in 2018, Bakkt is headquartered in Alpharetta, GA. For extra data, go to: https://www.bakkt.com/ | Twitter @Bakkt | LinkedIn https://www.linkedin.com/firm/bakkt/

About American Bank

American Bank, headquartered in Allentown, PA, is a domestically owned group financial institution devoted to serving clients within the Lehigh Valley for 25 years. American Bank presents a whole choice of deposit and mortgage merchandise and handy providers to go well with the wants of shoppers and companies. As an early innovator of on-line banking expertise, American Bank continues that custom by offering clients throughout the nation on-line providers that make banking straightforward and handy. Their on-line banking service, AmericanBank On-line (obtainable at AMBK.com), permits clients to financial institution utilizing a full vary of real-time on-line banking providers together with on-line invoice pay, ACH Direct, transfers between accounts, transaction historical past, test photographs and e-Statements. At a time when clients want the flexibility to financial institution on the go, American Bank additionally has cell banking and cell deposit for client and enterprise clients.

Bakkt-C

View supply model on businesswire.com: https://www.businesswire.com/information/residence/20220406005440/en/

Contacts

Bakkt Media Contact:
Lauren Submit, VP – Communications
[email protected]

American Bank Press Contacts:
Mark Jaindl, President and CEO
[email protected]

Mary Hodrick, Vice President, Director of Advertising & Neighborhood Relations
[email protected]

Supply hyperlink

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