WeStreet partners with CryptoFi, delivering cryptocurrency to members
CryptoFi enhances WeStreet Credit Union member experience by adding access to cryptocurrency.
CHICAGO, IL (May 9, 2023) — CryptoFi announces a partnership with WeStreet Credit Union to implement cryptocurrency services through CryptoFi. CryptoFi’s partnership with WeStreet, a leading credit union in Tulsa, OK, gives WeStreet Credit Union members access to buying and selling digital assets including Bitcoin, Ethereum and others within its mobile app and online banking platform.
WeStreet’s Chief Digital Officer, Eric Hilaire, said: “We are excited to work with CryptoFi and explore the opportunities that crypto opens up for our members. As a forward-thinking Credit Union, we constantly seek innovative methods to improve our services and cater to our members’ needs. CryptoFi’s offering allows us to offer our members a unique set of cutting-edge solutions for crypto that are secure, compliant, and user-friendly.”
CryptoFi’s white label solution helps banks and credit unions drive user acquisition, retention, and engagement and turn a cost center into a profit center. This allows WeStreet to become the top-of-wallet choice for users interested in a safe, secure, and insured platform to buy, sell, and hold cryptocurrency. The CryptoFi solution delivers transparent fees, fast settlement, and year-end tax optimization and minimization. Additional features will include an integrated rewards program using financial institution-issued cards, and balance transfer from third-party exchanges. Educational content prominently featured alongside trading tools allows end-users to make informed and confident trading decisions. CryptoFi also works directly with partner financial institutions to drive engagement with the cryptocurrency offering, train staff, and to support the long-term relationship. CryptoFi continues to add new features and benefits so that the institution can derive additional innovation and the most value from the partnership.
“CryptoFi is excited to provide WeStreet members unparalleled access to top cryptocurrencies,” said Kian Sarreshteh, co-founder, and CEO of CryptoFi. “Consumer interest in cryptocurrency is growing tremendously and we are watching as large financial institutions are rolling out digital asset features. CryptoFi’s robust set of services and solutions can help level the playing field for financial institutions to provide cryptocurrency solutions.”
CryptoFi is a Cryptocurrency-as-a-Service (CaaS) company building innovative technology solutions that expand access to digital assets. CryptoFi’s solutions seamlessly bridge the gap between traditional finance and digital assets, compliant with all regulations. CryptoFi offers a seamless crypto trading and education interface for credit union members and bank customers, as well as a robust set of management, data analytics, marketing, and support tools. Our focus is unlocking value for our clients through increasing user acquisition and retention alongside a new stream of non-interest income.
About WeStreet Credit Union
WeStreet Credit Union was established in 1943 on the philosophy of people helping people. Today, WeStreet has grown to over 56,000 members, $920+ million in assets, more than 200 employees, and serves 11 Northeast Oklahoma counties with 14 convenient locations. WeStreet Credit Union is a community-minded financial institution focused on serving and enriching the lives of others. By creating a welcoming and supportive atmosphere, WeStreet helps neighbors become members and members become family. For more information about WeStreet Credit Union, visit westreet.org