American Bank Incorporated: Monday, April 18, 2022 American Bank announces a partnership with Bakkt for a new crypto trading offer
American Bank enhances digital banking functionality by expanding customer access to buy, sell, and hold multiple cryptocurrencies
ALPHARETTA, GA – April 18, 2022 – Bakkt Holdings, Inc. (NYSE: BKKT), a trusted digital asset platform that enables consumers to buy, sell, send and spend a range of digital assets , today announced that American Bank has selected the Bakkt® crypto connect to enable their banking customers to buy, sell and hold the two largest cryptocurrencies by market cap, bitcoin and ethereum.
“Consumer saving and investing habits are constantly fluctuating, but more than ever, we’re seeing consumer intrigue and interest in cryptocurrency growing,” said Sheela Zemlin, chief revenue officer at Bakkt. . “To research1 indicated that consumers would prefer to access crypto from their existing bank, and we are thrilled that American Bank is partnering with Bakkt to provide customers with a simple on-ramp to cryptocurrency as part of their trusted banking relationship. American Bank shares our view that banks have a short window measured in months or quarters to execute their crypto strategies or risk being left behind.”
American Bank, based in Allentown, PA, is constantly striving to provide the best and most secure digital banking services to its customers who reside in all 50 states. As more consumers become interested in purchasing cryptocurrency through their bank, American Bank will be able to leverage Bakkt’s educational materials and provide cost-effective access to cryptocurrency.
“As one of the pioneers of online banking innovation and as the nation’s oldest ‘online bank’, we are always looking for ways to improve our customers’ banking experience.” said Mark Jaindl, president and CEO of American Bank. “Bakkt’s robust capabilities create an entry point for us to drive engagement with our customers and seamlessly integrate cryptocurrency into our existing digital banking platform. We are proud to say that we will be the first bank based in the Lehigh Valley to provide access to crypto trading.”
The Bakkt® crypto connect solution is expected to launch in the second quarter of 2022.
1A February 2022 Cornerstone Advisors study found that among Americans who already hold Bitcoin or other cryptocurrencies, more than half said they would definitely use a bank to invest in crypto if they could. , with a further 42% saying it could.
Bakkt is a trusted digital asset platform that enables consumers to buy, sell, store and spend digital assets. Bakkt’s Platform, Now Available Through the Bakkt App and to Partners, Amplifies Consumer Spending and Strengthens Loyalty Programs, Adding Value to All Key Stakeholders in the Payments and Digital Assets Ecosystem from Bakkt. Launched in 2018, Bakkt is headquartered in Alpharetta, GA. For more information visit: https://www.bakkt.com/ | Twitter @Bakkt | LinkedIn https://www.linkedin.com/company/bakkt/
About American Bank
American Bank, headquartered in Allentown, Pennsylvania, is a locally owned community bank that has been dedicated to serving customers in the Lehigh Valley for nearly 25 years. American Bank is one of the earliest innovators of online banking technology and continues that tradition by providing customers across the country with online services that make banking easy and convenient. Their online banking service, American bank online (available on AMBK.com), allows customers to bank using a full suite of real-time online banking services, including online bill payment, ACH Direct, inter-account transfers, history transactions, check images and electronic statements. At a time when customers need the ability to bank on the go, American Bank also offers mobile banking and mobile deposits for individuals and businesses.
American Bank offers a comprehensive selection of deposit and loan products and convenient services to meet consumer and business needs. Dedicated to providing its customers with superior, personalized customer service, American Bank offers some of the best lending and deposit rates available and as a result has been awarded the Bankrate.com® Top Tier Award for consistently delivering annual percentage returns (APY) which were among the best. highest reported.
In addition, it is recognized as a 5-star superior financial institution (the highest possible rating) by Bauer Financial Inc., naming it one of the strongest banks in the country and has been named one of the strongest banks in the world. nation’s safest by MSN Money. American Bank was ranked #1 by Morning Call’s Top Workplaces in the Lehigh Valley and was named one of the best places to work in Pennsylvania.
American bank online is a registered trademark for Internet financial services provided by American Bank, a state-licensed, FDIC-insured, full-service financial institution that serves customers throughout the United States. American Bank is a member of the Federal Reserve System. American Bank is insured by the FDIC and an Equal Housing Lender.
Bakkt media contact:
Lauren Post, Vice President – Communications
US bank press contacts:
Mark Jaindl, President and CEO
Mary Hodrick, Vice President, Director of Marketing and Community Relations