Innovative Crypto Portal Unveiled by WeStreet Credit Union
WeStreet Credit Union, located in Tulsa, Oklahoma, has introduced a Crypto Portal to enable the buying, selling, and holding of cryptocurrencies for both its members and the general public. Initially available only to members, the portal expanded its access to the public in October. This move demonstrates WeStreet’s embrace of digital currency.
A Safer Alternative to Unregulated Platforms
Unlike unregulated online platforms where cryptocurrencies are primarily traded, WeStreet Credit Union aims to provide a secure environment for cryptocurrency transactions. As a federally regulated entity, the credit union offers a level of trust and reliability often lacking in digital-only crypto exchanges. By partnering with a Qualified Crypto Custodian, which is subjected to financial and technological audits, WeStreet ensures robust safeguarding of digital assets.
Enhanced Security Measures
WeStreet’s Crypto Portal incorporates an audited ledger system that meticulously monitors customers’ crypto assets and account activities. This initiative allows the credit union to promptly address any issues or discrepancies, ensuring uninterrupted access to funds for buying, selling, or holding cryptocurrencies at users’ convenience.
A Diverse Selection of Cryptocurrencies
The Crypto Portal offers a range of widely circulated coins such as Bitcoin, Bitcoin Cash, Ethereum, Litecoin, and Stellar. Furthermore, WeStreet plans to include Coins Avalanche and Chainlink by the end of October. This selection provides users with diverse options for their cryptocurrency transactions.
WeStreet’s Ongoing Commitment
Established in 1943, WeStreet Credit Union has continuously adapted to meet the financial needs of its expanding membership base. With over 56,000 members and assets exceeding $970 million, the introduction of the Crypto Portal reflects WeStreet’s commitment to embracing the digital currency realm while maintaining its community-centric ethos.
Hot Take: WeStreet Credit Union Paves the Way for Secure Crypto Transactions
WeStreet Credit Union’s Crypto Portal offers a secure and regulated avenue for buying, selling, and holding cryptocurrencies. By partnering with a Qualified Crypto Custodian and implementing enhanced security measures, WeStreet ensures the protection of digital assets and addresses any issues promptly. With a diverse selection of widely circulated coins, the credit union caters to the needs of crypto users. This innovative move demonstrates WeStreet’s commitment to adapting to the digital currency landscape while upholding its community-centric values.
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