Disclaimer: Information found on CryptoreNews is those of writers quoted. It does not represent the opinions of CryptoreNews on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoreNews covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.
More than 70 credit unions across the U.S., supported by FinTech firm Bonifii, now have the ability to access The Digital Banking Network blockchain protocol along with improved digital asset functionalities.
Metallicus, a provider of blockchain technology for the banking industry, has announced its acquisition of Bonifii, a FinTech entity dedicated to safeguarding credit union members against financial fraud. Formerly known as CULedger, Bonifii functioned as a credit union service organization (CUSO), representing over 70 credit unions.
Following the merger, credit unions affiliated with Bonifii will be able to leverage the open banking blockchain protocol, The Digital Banking Network (TDBN), to develop innovative credit offerings. TDBN operates on the Layer 0 blockchain framework of Metal Blockchain. Additionally, representatives from credit unions will have access to self-custody digital asset technologies and will be able to trade cryptocurrencies through the Metal Pay platform.
Related Posts
Marshall Hayner, CEO of Metallicus, mentioned in the press release that this collaboration will promote blockchain integration within financial institutions and greatly improve services for their members.
John Ainsworth, CEO of Bonifii, emphasized the historical importance of the merger. He remarked that CULedger was initially founded to empower credit unions to harness the advantages of distributed ledger technology, and this merger signifies a new phase in that endeavor.
The Metallicus team is dedicated to connecting the realms of traditional finance and Web3 technologies. In October 2023, Metallicus revealed a partnership between Metal Blockchain and FedNow, the instant payments service from the U.S. Federal Reserve that was launched a month prior.
Сообщение Consortium of Credit Unions Gains Access to Banking Blockchain Protocol появились сначала на CoinsPaid Media.
