CJ - Cryptocurrency Specialist
Vantage Bank in Laredo, Texas, provides its employees with the Bitcoin Savings Plan as an alternative to traditional savings plans.
Thanks to technologies created in partnership with NYDIG, a company that is developing an inclusive financial system with trusted Bitcoin as a universal alternative are creating a great crypto asset management system – allowing bank employees to automatically convert a portion of their salary into Bitcoin. The Bitcoin will then be kept on the custody platform run by NYDIG, where it will be managed and safeguarded.
"Vantage Bank Texas is focused on teaching our workers, investigating the technology, and discovering how the blockchain can best assist our clients and their financial needs," said Shawn Main, Chief Business Architect at Vantage Bank. “We're also working closely with the Texas Blockchain Council to gain a deeper understanding of the technology and its potential applications in our financial system. Our collaboration with NYDIG is just one example of how we're educating our staff about this game-changing technology."
While the bank does not enable consumers to trade crypto, Main stated that the corporation aims to provide instructional tools to its workers to assist them better comprehend the new technology.
Vantage employees will have unlimited access to their money, just like they would in a regular savings account.
You can always start buying Bitcoin online yourself instead of waiting for local banks to offer such services. Visit BCBitcoin – the cheapest place to buy Bitcoin UK - where experienced team members offer guidance along the way.
Dear valued BC Bitcoin UK Clients,
I hope this email finds you well. We are reaching out to inform you of some significant changes to our services that directly impact our operations within the United Kingdom. Regrettably, due to the recent regulatory developments introduced by the Financial Conduct Authority (FCA) and the implementation of the new Financial Promotions Regime, BC Bitcoin is no longer able to offer our services to clients based in the UK. This very difficult decision is in compliance with the regulatory framework and ensures that we uphold the highest standards of transparency and legality. You can view the FCA publication here: https://www.fca.org.uk/publication/finalised-guidance/fg23-3.pdf As a result, we would like to inform you of the following changes and provide guidance on how to manage your assets with BC Bitcoin:
1. **Service Termination for UK Clients:**
BC Bitcoin will no longer be able to accept new purchase orders from clients residing in the United Kingdom.2. **Continued Operation Outside the UK:**
Despite the changes within the UK, BC Bitcoin will continue to operate outside of the UK as normal. Our services will remain unaffected for clients in other regions.3. **Withdrawal of Assets:**
For our UK clients holding assets with BC Bitcoin, we want to assure you that your assets are secure. You have the option to safely withdraw your assets or exchange them to GBP or EUR and subsequently withdraw. We have streamlined the withdrawal process to ensure convenience for our clients.4. **Conversion of Assets:**
To convert your Holdings to fiat please log in to your BC Bitcoin account and submit a sell order for the amount of coin you hold with us. During the process you will shown how much you will receive and asked the bank details you wish to receive payment to. In addition, you can request the conversion by emailing info@bcbitcoin.com from your registered email address. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process.5. **Withdrawal Procedure:**
To initiate a withdrawal, please email your request to info@bcbitcoin.com from your registered email address. You may be asked some security questions to verify your identity. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process. These changes are effective immediately, and we appreciate your understanding and cooperation during this transitional period. We understand that this may be an inconvenience for our UK clients, and we sincerely apologise for any disruption this may cause. Thank you for being a valued part of the BC Bitcoin community. We are committed to providing you with a seamless experience as we navigate through these regulatory changes. If you have any questions or concerns, please do not hesitate to reach out to our customer support team at info@bcbitcoin.com Kind Regards