Seattle-based cryptocurrency exchange Bittrex Inc. has established a formal agreement with Signature Bank in New York to allow corporate clients in specific states to purchase virtual tokens using USD. Corporate customers using US cryptocurrency exchange Bittrex can now pay for tokens in dollars after the Seattle-based company signed an agreement with New York's Signature Bank. The deal is a major step forward for Bitcoin and other digital currencies that have been struggling to gain traction on Wall Street. Bittrex CEO Bill Shihara said the collaboration had taken a long time to bring to fruition, but it signalled that "crypto is turning the corner in terms of mainstream acceptance". Other US banks have banned account holders from using debit cards or current accounts to buy cryptocurrencies.
Corporate customers using US cryptocurrency exchange Bittrex can now pay for tokens in dollars after the Seattle-based company signed an agreement with New York's Signature Bank. The deal is a major step forward for Bitcoin and other digital currencies that have been struggling to gain traction on Wall Street. Bittrex CEO Bill Shihara said the collaboration had taken a long time to bring to fruition, but it signalled that "crypto is turning the corner in terms of mainstream acceptance". Other US banks have banned account holders from using debit cards or current accounts to buy cryptocurrencies.