CryptoFi, a cutting-edge Cryptocurrency-as-a-Service (CaaS) firm, today announced its integration with CU*Answers’ banking core and digital banking platform. CryptoFi’s digital asset solution natively integrates with CU*BASE and It’s Me 247 Online Banking, delivering credit union members safe, secure, and frictionless access to digital assets such as Bitcoin and Ethereum. CU*Answers provides services to over 195 credit unions in 27 states plus Washington, D.C., representing over 2 million credit union members and $29 billion in credit union assets. Through this integration, CryptoFi’s innovative digital asset services will help credit unions retain and acquire new members.
Credit union members will have a frictionless digital asset experience—without requiring any additional accounts or applications, and all from within the CU*Answers digital banking platform. CryptoFi also provides educational resources and customer support to help members navigate the cryptocurrency market.
CryptoFi’s solution helps credit unions drive member acquisition, retention, and engagement, turn a cost center into a profit center, and become the top-of-wallet choice for members interested in a safe and secure way to buy, sell, and hold cryptocurrency. Additional features will include an integrated rewards program, balance transfer from third-party exchanges, year-end tax minimization, transparent fees, and fast settlement. Educational content prominently featured alongside trading tools allows end users to make informed and confident trading decisions.
CryptoFi works directly with partner financial institutions to optimize their offering, train staff, and continue to support the relationship long-term while adding new features and benefits so that the institution can derive the most value from the partnership.
CU*Answers’ CEO, Geoff Johnson, said: “We are always looking for innovative ways to enhance our offerings and serve our clients’ needs. CryptoFi’s integration with our platform allows us to offer our credit unions a unique set of cutting-edge solutions for crypto that are secure, compliant, and user-friendly. We are excited to work with CryptoFi and explore the opportunities that crypto presents for our clients.”
CU*Answers and CryptoFi are targeting a release to credit unions in October 2023.
