 PSCU, the nation’s premier payments credit union service organization (CUSO), today announced the launch of a new cryptocurrency microsite. Targeted and specifically curated for credit unions, the site will serve as a continuously updated hub for information and educational resources on all things related to digital assets. The announcement was made in conjunction with PSCU’s Member Forum 2022, taking place this week in Las Vegas.
While credit unions cannot currently hold the value of cryptocurrency within their federally-insured deposits, the National Credit Union Administration (NCUA) has announced credit unions can partner with third-party cryptocurrency service providers to allow their members to buy, sell and hold digital assets under certain terms. The goal of PSCU’s new educational microsite is to help credit unions learn more and be prepared as member interest in cryptocurrency and other digital assets grows and the landscape evolves. “There is no doubt cryptocurrency is a hot topic in today’s financial landscape, with many credit union members already active and others curious to learn more about it,” said Scott Young, vice president of Innovation & Design at PSCU. “Due to a lack of regulatory guidance until now, credit unions have held back from any involvement with cryptocurrency, the landscape is rapidly changing – making it the optimal time for credit unions to educate themselves. We are hopeful that credit unions can use this new resource to educate their staff and their members, evaluate associated risks and make informed decisions surrounding participation in this rapidly evolving payments technology.” PSCU’s microsite will feature videos – including a downloadable educational video to share with credit union boards and staff – along with blogs, white papers and more from PSCU and other industry thought leaders. The site will also link to relevant updates and industry resources from groups like the NCUA, among others. Credit unions can access PSCU’s cryptocurrency resources at pscu.com/crypto.
2 Comments
David Dzidzikashvili
11/25/2023 08:09:04 am
Blockchain is a truly revolutionary tech and it will play a vital part in our future global digital economy powered by web 4.0 + AI + Blockchain & Crypto projects. The decentralized nature of these networks will allow users to share storage space, VPN networks, allow P2P DeFi loans available to the unbanked masses, etc… it will further decentralize the web space while helping its community and users to potentially earn income (while providing these services) and compete vs other establishment business services. That’s why this tech will keep further developing and evolving, we already have interoperable blockchains able to communicate and transmit transactions, instead of legacy isolated blockchains of the past… With Bitcoin ETF, Ethereum ETF and others opening the doors for the Wall Street players – this will be the most positive news for the crypto universe together with EU’s passage of the MiCA Act, which is quite crypto & blockchain friendly set of laws. Right now what we see is logical development. We have seen or assumed that there is a high degree of correlation that Tether #USDT and Binance have been manipulating the crypto markets for years and it is understandable why the US authorities and other governments are increasing pressure on these entities and establishing regulations, which is not bad news for the crypto space as long as those rules won’t establish any obstacles for newly emerging crypto projects. The next bull run (2025-2026 might start in 2024 as Bitcoin halving approaches) will be massive – mega bull run and potentially shoot the overall crypto market cap to $7-$10 trillion range. Crypto market cap will outperform gold very soon. The future looks unique and interesting! Leave a Reply. |
Archives
March 2026
Categories |
RSS Feed
|
Privacy Policy • Copyright © 2024 CUbroadcast
|