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Southland Credit Union Will Provide Bitcoin Services To Its Customers

Anna Martynova

Southland Credit Union, a billion-dollar institution, is currently the second credit union in Southern California to allow its customers to buy bitcoin through its mobile banking app, according to a press release.

Buying bitcoin is made possible through a partnership with NYDIG bitcoin bank, which specializes in providing infrastructure to companies and institutions wishing to provide bitcoin services to their customers. Users will be able to buy, sell and store their bitcoins on the NYDIG custody platform.

However, users are not currently able to transfer bitcoins from one wallet to another through the NYDIG service. Users can still sell their bitcoins and withdraw funds if they wish. The credit union from Los Alamitos is offering a promotion. Southland members who sign up by October 18 will receive $5 in bitcoin for free.

Image: Southland Credit Union

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