Credit Unions May Partner With Bitcoin Exchanges to Offer Competitive Products

Credit unions may consider partnering with Bitcoin exchanges such as Coinbase if they are to continue offering competitive international payments services to their customers.

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In the report titled Understanding Bitcoin’s Implications for Credit Union Services, the group touches upon the two grave concerns stemming the rise of Bitcoin, High Volatility and Security. Should the digital currency’s volatility reduce to generally acceptable levels and the security of private keys is ensured, credit unions may replace their core functions with Bitcoin.

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