Last Updated on: 22nd November 2023, 10:55 am
Bitcoin Latinum is making positive headlines.
In the latest in a stream of exciting developments, the people behind the cryptocurrency have announced a new partnership with Vast Bank.
In a statement detailing the partnership, LTNM’s lead developer, Monsoon Blockchain Corporation, said that the collaboration will focus on both “deal flow and integration”.
Monsoon Blockchain Corporation’s CEO, Dr. Donald Basile also discussed the development.
He said: “We are very excited to announce our latest groundbreaking partnership with the industry leading Vast Bank. Their efforts to bring the promise of blockchain technologies to the banking system will allow consumers access to a greener, faster, and more secure version of Bitcoin.”
LTNM will also become a custodial currency, which is yet another vote of confidence for the insured, asset-backed crypto.
This deal is a major boost for Vast Bank, who earlier this year became the first nationally chartered bank in the USA to allow customers to buy and sell crypto, alongside a traditional checking account.
Brad Scrivner, CEO of Vast Bank, discussed the development. He said: “When our customers asked us why they could not securely buy… cryptocurrencies using their bank accounts, we were driven to develop an end-to-end solution.”
Mr Scrivner added: “We are glad to explore the partnership with Bitcoin Latinum to expand the selection of digital assets that our customers can custody.”
Supporters of LTNM point towards it being both insured and backed by real world assets.
